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
-
Togbe Afede XIV lauds government’s $10bn ‘big push’ programme for boosting farm produce transport
29 minutes -
FDA urges consumers to prioritise safety when purchasing products during festive season
33 minutes -
President Mahama calls for single-digit interest rates on agricultural loans
47 minutes -
President Mahama urges Ghanaians in formal jobs to take up farming
56 minutes -
Farming interventions paying off, lifting incomes and food security, says Agric minister
1 hour -
Gov’t pledges science-backed interventions in agriculture, says Agric minister
1 hour -
Ghana unveils $3.4bn plan to accelerate national clean energy transition
1 hour -
Interior minister urges security agencies to maximise use of new NSB regional command in Ho
1 hour -
Photos: Ghana celebrates 41st National Farmers’ Day
2 hours -
2025 Farmer’s Day: Farmers demand a 2% interest rate on loans to boost farming activities
2 hours -
Chamber of Aquaculture Ghana calls for strong public-private partnerships to unlock finance and transform the sector
2 hours -
Lions celebrate International Volunteer Day with over decades of service and impact
2 hours -
3 dead, dozens injured in Mampong Abuontem head-on collision
3 hours -
MoFFA shuts down several Eastern Region mortuaries over poor sanitation, non-compliance
3 hours -
Domestic violence case: John Odartey Lamptey remanded over alleged brutal assault on wife
3 hours