Government also intends to reduce the special petroleum tax rate from 17.5% to 15%.(file photo) Excise duty on petroleum products will soon be scrapped by the Akufo-Addo government, Finance Minister Ken Ofori-Atta has announced in the new government’s maiden budget. In addition to abolishing excise duty on petroleum products, the government also intends to reduce … Read more
The New Patriotic Party (NPP) government must reduce taxes and other levies on petroleum in order to cushion consumers from the rising cost of fuel, the Chamber of Petroleum Consumers-Ghana (COPEC-GH) has admonished. The Chamber’s call comes in the wake of fuel price increments by some Oil Marketing Companies (OMCs) of between two and 10 … Read more
The Chamber of Petroleum Consumers (COPEC) has called on government to review the special petroleum tax levy. This they say will clamp down on the constant increase of fuel prices. Prices of some petroleum products went up by between 8 and 11 percent for the first pricing window in January, with many describing the development … Read more
The Chamber of Petroleum Consumers(COPEC) has called on government to review the special petroleum tax levy. This they say will clamp down on the constant increase of fuel prices. Prices of some petroleum products went up by between 8 and 11 percent for the first pricing window in January, with many describing the development as … Read more
The Chamber of Petroleum Consumers (COPEC) says Ghana is likely to miss out on the January 2017 deadline for the reduction of sulphur content in diesel from 3,300 parts per million (ppm) to 50 ppm. According to the Chamber, although assurances had been given by the standards committee, made up of the National Petroleum Authority … Read more
Government has bagged over GHC3.4billion from taxes imposed on petroleum products for the first six months in 2016. Data released by the National Petroleum Authority (NPA) for products sold for the first six months of 2016 puts the total taxes at GHC3.4billion (GHC3,454,172,478.83). This amount was raised from the total quantity of petrol, diesel and … Read more