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OMCs to implement GH¢1 fuel tax from June 16

New levy aimed at raising funds sparks debate among consumers and energy expert

admin by admin
June 8, 2025
in Local, News
0
GH₵1 tax litre

Tax on fuel

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The government and the Chamber of Oil Marketing Companies (COMAC) have agreed to begin implementing the GH¢1 fuel tax on each litre of petrol from Monday, June 16, 2025, instead of June 9, 2025.

The GH₵1 fuel tax was agreed upon among the stakeholders, including the Ministry of Energy and Green Transition and the Ministry of Finance.

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“The Chamber of Oil Marketing Companies (COMAC) wishes to formally acknowledge and commend the Ministry of Energy and Green Transition, the Ministry of Finance, the National Petroleum Authority, and the Ghana Revenue Authority for the constructive engagements held, regarding the implementation date of the new Energy Sector Levies Act 2025 (Act 1141)”, a statement signed by its Coordinator, Dr. Riverson Oppong disclosed.

“Following our consultations and collaborative efforts, we are pleased to announce our alignment and satisfaction with the revised implementation date for the new Energy Sector Shortfall and Debt Repayment Levy (ESSDRL).

The new effective date is now confirmed as Monday, 16th June 2025, replacing the initially communicated date of 9th June 2025”, it mentioned.

It continued that the decision reflects the value of dialogue, partnership, and engagement among stakeholders.

“We extend our gratitude to all relevant institutions for their commitment to ensuring a smooth and sustainable implementation of the levy”, it added.

COMAC had earlier expressed dissatisfaction with the lack of consultations by the government before the announcement of the levy.

However, the Ghana Revenue Authority (GRA) has announced that it will begin enforcing the new GH₵1 fuel tax on petroleum products effective Monday, June 9, 2025.

According to Tariff Interpretation Order (TIO) No. 2025/003, issued by the Commissioner-General, Anthony Kwasi Sarpong, the new levy affects several key fuel products.

The GH₵1 fuel tax on petrol (motor spirit, super) and diesel (gas oil) will rise from GH₵0.95 and GH₵0.93 respectively, to GH₵1.95 and GH₵1.93 per litre.

Marine gas oil and heavy fuel oil will also see increases, while liquefied petroleum gas (LPG) will maintain its previous rate of GH₵0.73.

Post Views: 92
Tags: Chamber of Oil Marketing CompaniesEnergy Sector Levy (Amendment) BillFuelGhana Revenue AuthorityNational Petroleum Authority
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