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GH¢1 Fuel levy takes effect today

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COPEC calls for removal of outdated petroleum price floors

COPEC calls for removal of outdated petroleum price floors

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Government through the 2025 Ghana Revenue Authority (GRA), has officially begun implementation of the Energy Sector Levies (Amendment) Act, 2025 (Act 1141), marking a significant step in its efforts to stabilise the economy and secure funding for the energy sector.

Effective today, the revised law enforces increased rates under the Energy Sector Shortfall and Debt Repayment Levy (ESSDRL) for a range of petroleum products.

This comes after a previously postponed rollout aimed at studying global market trends and preserving domestic fuel price gains.

The New Levy rates in effect include;

1. Petrol (Motor Spirit) from 0.95 to 1.95

2. Diesel (Gas Oil) from 0.93 to 1.93

3. Marine Gas Oil (Foreign) from 0.93 to 1.93

4. Marine Gas Oil (Local) from 0.03 to 0.23

5. Heavy Fuel Oil from 0.04 to 0.24

6. LPG & Naphtha 0.73 Unchanged

According to officials from the Ministries of Finance and Energy, this strategic timing follows a thorough analysis of current economic indicators and aligns with broader efforts to consolidate public finances.

Government affirms that the levy revision is designed to generate GH¢5.7 billion in revenue, specifically earmarked to repay legacy energy debts and reinvest in critical infrastructure.

The decision comes amid rising regional demand and ongoing efforts to make Ghana’s energy supply more resilient.

Tags: Fuel levyGH¢1 FuelGhana

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