The Ghana Revenue Authority (GRA) has revised the implementation date for the Energy Sector Shortfall and Debt Repayment Levy, following stiff resistance from oil marketing companies.
The levy, which was initially set to take effect on June 9, will now commence on June 16.
Concerns from Oil Marketing Companies
The Chamber of Oil Marketing Companies (COMAC) had raised concerns over the timing and potential impact of the levy on fuel prices and consumer burden. After discussions with the GRA, a new implementation date was agreed upon.
New Levy Rates
The levy is part of government measures to settle mounting debts in the energy sector. The new rates are as follows:
Motor Spirit (Super Petrol): GHC1.95 per litre (up from GHC0.95)
AGO/Diesel and Marine Gas Oil (Foreign): GHC1.93 per litre (up from GHC0.93)
Marine Gas Oil (Local): GHC0.23 per litre (up from GHC0.03)
Heavy Fuel Oil (Residual Fuel Oil – RFO): GHC0.24 per litre (up from GHC0.04)
Partially Refined Oil (Naphtha): GHC1.95 per litre (up from GHC0.95)
Liquefied Petroleum Gas (LPG) remains unchanged at GHC0.73 per litre
Transitional Arrangements
The new rates will apply to all petroleum products not lifted before June 16, 2025. However, 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 16, 2025, will be subject to the new rates.
Strict Compliance
The Commissioner-General of the GRA, Anthony Kwasi Sarpong, signed the directive and urged all ports and fuel stations to strictly comply with the new levy rates.
Source: Apexnewsgh.com/ Ngamegulam Chidozie Stephen
