Oil marketing businesses fiercely opposed the contentious Energy Sector Shortfall and Debt Repayment Levy; therefore, the Ghana Revenue Authority (GRA) changed its implementation.
The new GHC1-per-liter charge was initially set to go into effect on Monday, June 9. However, the Chamber of Oil Marketing Companies (COMAC) rejected it, citing worries about its timing and possible effects on fuel costs and consumer burden.
Following talks “in the spirit of cordiality and partnership,” the GRA announced in an interview with Citi News that a new implementation date of June 16 had been decided upon.
“The Association has concerns with the 9 June implementation date. We have discussed with their leadership in the spirit of cordiality and partnership and have agreed on a new start date of 16 June,” the GRA stated.
Industry participants contend that they were not sufficiently consulted and that the deployment runs the risk of further destabilizing the already unstable downstream petroleum market, despite the fact that the levy is a component of government efforts to pay off growing debts in the energy sector.
In accordance with the new directive:
- Motor Spirit (Super Petrol): from Ghc0.95 to Ghc1.95
- AGO/Diesel and Marine Gas Oil (Foreign): from Ghc0.93 to Ghc1.93
- Marine Gas Oil (Local): from Ghc0.03 to Ghc0.23
- Heavy Fuel Oil (Residual Fuel Oil—RFO): from Ghc0.04 to Ghc0.24
- Partially Refined Oil (Naphtha): from Ghc0.95 to Ghc1.95
- Liquefied Petroleum Gas (LPG) remains unchanged at Ghc0.73
As of June 16, 2025, all petroleum products that have not been lifted are subject to the new pricing.
Nonetheless, temporary arrangements have been established:
- Products lifted by a Petroleum Product Marketing Company (PPMC) before June 16 will still be subject to the old levy rates.
- Any “cash-and-carry” transactions by PMMCs for which products are lifted on or after June 1, 2025, will be subject to the new rates.
Anthony Kwasi Sarpong, the GRA’s Commissioner-General, signed the instruction and encouraged all ports and fuel stations to adhere to it strictly.
Source: newsthemegh.com