The Ghana Revenue Authority has postponed the implementation of the Energy Sector Shortfall and Debt Repayment Levy from June 9 to June 16, following strong opposition from oil marketing companies. The Chamber of Oil Marketing Companies raised concerns about the timing and potential impact on fuel prices and consumer burden.
The New Levy Rates Are As Follows:
- Motor Spirit (Super Petrol): GHC1.95, up from GHC0.95
- AGO/Diesel and Marine Gas Oil (Foreign): GHC1.93, up from GHC0.93
- Marine Gas Oil (Local): GHC0.23, up from GHC0.03
- Heavy Fuel Oil (Residual Fuel Oil – RFO): GHC0.24, up from GHC0.04
- Partially Refined Oil (Naphtha): GHC1.95, up from GHC0.95
- Liquefied Petroleum Gas (LPG): remains unchanged at GHC0.73
Transitional Arrangements:
- Products lifted before June 16 will be subject to the old levy rates
- “Cash-and-carry” transactions lifted on or after June 1 will be subject to the new rates
GRA Commissioner-General Anthony Kwasi Sarpong signed the directive, urging strict compliance from ports and fuel stations. The levy aims to address mounting debts in the energy sector.
