New taxes will push a litre of petrol/diesel to GHS6 soon – COPEC

The implementation of some of the new tax policies introduced in the 2021 budget statement from 1^st May is likely to contribute to fuel prices rising to GHS6 per litre in the near future.

That’s according to the Chamber of Petroleum Consumers (COPEC).

Of the new taxes that will be implemented from the beginning of next month, the ones expected to impact fuel prices are the Energy Sector Recovery Levy and the Sanitation and Pollution Levy.

The amended Energy Sector Levy will lead to the imposition of GHS20 pesewas per litre of petrol and diesel and 18 pesewas per kg on Liquefied Petroleum Gas (LPG).

There will also be an imposition of a Sanitation and Pollution Levy of GH¢10 pesewas per litre of petrol and diesel respectively.

Speaking to Citi Business News on the new taxes, Duncan Amoah, the Executive Secretary at COPEC bemoaned the rising tax component in the price build-up of fuel and said Ghanaians are going to be further burdened going forward

There will also be an imposition of a Sanitation and Pollution Levy of GH¢10 pesewas per litre of petrol and diesel respectively.

Speaking to Citi Business News on the new taxes, Duncan Amoah, the Executive Secretary at COPEC bemoaned the rising tax component in the price build-up of fuel and said Ghanaians are going to be further burdened going forward

Source: Citibusiness.com