Business News of 2026-10-03

Reduce petrol levy by 20-50p to help motorists - COPEC to government

The Chamber of Petroleum Consumers (COPEC) has called on the government to reduce the levy on petrol by between 20 and 50 pesewas to provide relief for motorists as fuel prices continue to rise. COPEC said while the government had provided some relief for diesel users, similar measures should be extended to petrol consumers. The Executive Secretary of COPEC, Duncan Amoah, said the government could consider reducing the levy on petrol to ensure that both categories of fuel users benefit from the relief measures. “I was expecting that, of course, if we are saying the Finance Ministry could absolve the GH¢1 levy on diesel, we could have equally reduced a bit on petrol, the same D-levy, so that the chicken and egg both could at least get some benefit at the end of the day,” he said. See the three levels you can use to make money – Bishop Kakra Baiden explains Speaking on the Citi Newsroom on Thursday, October 1, 2026, Amoah explained that although many commercial and larger vehicles use diesel, a significant number of private motorists depend on petrol. He noted that professionals such as accountants, lawyers, nurses, doctors and journalists often use petrol-powered vehicles to commute to and from work. “For the ordinary, I mean, accountant, lawyer, nurse, doctor, journalist, you know, everyday person driving a small car to work and back, normally they are also on petrol,” he said. He said these motorists also needed some relief as petrol prices continued to increase. “As prices of petrol also continue to climb, they will expect that maybe a few pesewas relief is given to them,” he added. Amoah said fuel relief measures should not benefit only one category of consumers, arguing that any future changes in fuel taxation could affect both petrol and diesel users. “If tomorrow there is a need to even come back to ask for more taxes or de-taxes, it is not only going to be diesel consumers that you probably would tax or ask to bear the incident,” he said. Between 50 and 60 BoG staff retire every year – Dr Asiama COPEC believes reducing the petrol levy by 20 to 50 pesewas would provide some relief to motorists and help ease the impact of rising fuel prices. DR/MA Inside Ghana’s Abandoned Engineering Powerhouse: What Went Wrong? Source: www.ghanaweb.com
« Previous | Next »
Site Menu