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Business News of Tuesday, 19 September 2017

Source: radiogold905.com

Demand for removal of 8 cedis Energy Levy unattainable - COPEC

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Chamber of Petroleum Consumers (COPEC) says the demand for the removal of the 8 cedis Energy Levy cannot be met.

The Chamber was responding to the Concerned Drivers Association which believes the removal of the levy will lessen the burden on motorists.

Motorists will today pay at least five percent more for fuel.

This follows a one-week ultimatum the drivers gave to government to address their challenges as fuel prices continue to see some significant hikes in the past months.

Spokesperson for the group, David Agboado, tells Gold News even though the increment is due to rising price of crude oil on the international market and exchange rate, the drivers believe the removal of some taxes as promised by President Akufo-Addo during the 2016 electioneering campaign will ease their plight.

David Agboado also hinted at moves to address their concerns but warns the failure to do so will have dire consequences for the public.

Executive Secretary for COPEC has however called on the drivers to exercise patients. According to the demands of the drivers cannot be met in their entirety.