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
-
Supreme Court ruling reinforces OSP – Oliver Barker-Vormawor
1 minute -
Expanding delegate base the right way to go, but not a total cure for vote-buying – Transparency International
4 minutes -
Police arrest two over viral video of 12-year-old driving articulated truck
5 minutes -
Supreme Court’s ‘one member, one vote’ ruling reflects vote-buying concerns – Mary Addah
15 minutes -
Courts must go beyond acquittals and demand accountability – Transparency International
1 hour -
Oliver Barker-Vormawor demands broader state support for party primaries
1 hour -
Uefa has ‘lost confidence’ in Fifa leadership
2 hours -
Spain attacks ‘selfish’ response of some EU countries to Ceuta migrant crossings
2 hours -
Sedina appeal ruling gives hope to Wontumi appeal — NPP legal director
2 hours -
Prosecution’s duty is to pursue justice, not simply secure convictions – Inusah Fuseini
2 hours -
MTN, ECG & others celebrated at NPMC & PMEA 2026
2 hours -
It hurts when wrongdoing goes unpunished – Manasseh Azure Awuni laments accountability gap
2 hours -
Ghanaian banks go global as First Atlantic Bank expands into Liberia
2 hours -
UMaT turns to dedicated fire station as Tarkwa records 12 fire incidents in six months
2 hours -
‘It seems this government fancies burdening the Ghanaian taxpayer with more taxes’ – Gideon Boako
2 hours