In a recent report issued by the National Petroleum Authority (NPA), Government has approved for the removal of some charges levied on petroleum for 2 months.
”The outlook of costs on the worldwide market shows an upward trend and so there was the requirement to hunt government’s intervention to lower the levies to cushion consumers from feeling the complete impact of those inflation.
“The purpose of the value Stabilisation and Recovery Levy (PSRL) is to stabilize prices for consumers and purchase the subsidies on Premix Fuel and Residual heating oil (RFO). Currently, the PSRL which is sixteen pesewas per liter (GHp16/Lt) on petrol, fourteen pesewas per liter (GHp14/Lt) on diesel, and fourteen pesewas per kilogram (GHp14/Kg) on LPG must be zeroed to cushion consumers”.
Meanwhile, talking to Sam Kusi Appiah on the AM. Ghana Show, Eugene Eshun [NDC Communication Team Member] objected that, “The Suspension of some levies on Fuel by Government could be a dust in the eye to the ordinary Ghanaian unless Government extends the duration to 6 months or a year.
He said, petroleum stations at stationed points have their prices intact and haven’t reduced a penny therefore Government’s directive doesn’t hold any water.
In other matters The Ghana Private Road Transport Union (GPRTU) says the two-month removal of the Stabilization and Recovery levy on petroleum products is extremely insignificant.
The union is additionally accusing the government of acting in bad faith despite contractual assurances of stabilizing the costs of fuel that may result in maintaining transport fares at a minimum within the short term since they were last increased in June 2021.