Audio By Carbonatix
Parliament has passed the Energy Sector Levies (Amendment No. 2) Bill, 2025, officially scrapping the government subsidy on marine gas oil and increasing the Energy Sector Shortfall and Debt Repayment Levy by 193 pesewas per litre on the product.
According to the government, this measure aims to address widespread abuse and smuggling associated with the marine gas oil subsidy, which officials say has undermined the fairness and credibility of the programme.
The revised levy is expected to yield approximately GH¢71 million in revenue for the state, bolstering efforts to manage energy sector debts and shortfalls.
Deputy Minister for Finance, Thomas Nyarko Ampem, clarified during parliamentary discussions that the removal of the subsidy does not affect premix fuel, and assured that supply to artisanal fishers will remain uninterrupted.
Latest Stories
-
NDC opens nominations, sets February 7 for Ayawaso East parliamentary contest
55 minutes -
Ex-president accused of murder plot expelled from Togo to Burkina Faso
1 hour -
NPP assures free, fair and peaceful presidential primaries on January 31
1 hour -
JUSAG suspends intended strike as government responds to concerns
1 hour -
NAIMOS officer shot, one assailant killed in Bono Region anti-galamsey operation
2 hours -
U.S immigration tribunal independent, not swayed by protests – Prof Appiagyei-Atua
2 hours -
Ghana-China trade hits $15bn as Vice President bids farewell to outgoing Chinese Ambassador
2 hours -
Vote a flagbearer who prioritises Ashanti Region to restore dominance – NPP delegates told
2 hours -
Public barred from Ken Ofori-Atta’s US Immigration court hearing: Blow-by-blow account of how it happened
3 hours -
The GoldBod and the strategic realignment of national resource governance: A macroeconomic and comparative analysis
3 hours -
Legacy of impact: Richard Nii Armah Quaye cemented as a Titan of Industry in the 2025 Ghanaian Powerlist
3 hours -
Ken Ofori-Atta’s U.S. immigration case hearing
4 hours -
CCC’s StartWell Conference 2026 to champion transformational leadership
4 hours -
Honour Yaw Sarpong’s legacy – Kumasi residents urge MUSIGA, gov’t
4 hours -
Protests at US Embassy won’t expedite Ofori-Atta’s return – Frank Davies
5 hours