New taxes on petroleum products unfair – Moses Asaga modernghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from modernghana.com Daily Mail and Mail on Sunday newspapers.
Newly introduced taxes will worsen plight of citizens – Mahama LISTEN
According to him, the taxes “will worsen the plight of the citizenry”.
The government has introduced some new taxes to help it generate additional revenue.
The taxes include the COVID-19 Health Recovery Levy Act, 2021 (Act 1068) which imposes a one percent levy on the supply of goods and services made in the country other than exempt goods or services, the Financial Sector Recovery Levy Act, 2021 (Act 1067) which imposes a five per cent levy on the profit before tax of banks and the Energy Sector Levy (Amendment) Act, 2021 (Act 1064) which imposes an Energy Sector Recovery Levy of GH¢20 pesewas per litre of petrol/diesel and 18 pesewas per kg on Liquefied Petroleum Gas (LPG) and a Sanitation and Pollution Levy of GH¢10 pesewas per litre of petrol and diesel respectively.
COVID-19 levy, taxes on fuel take effect from today May 1 Listen to article
Three of government’s new taxes have taken effect, beginning today, Saturday, May 1.
These new taxes are as a result of the imposition of an Energy Sector Recovery Levy of GHS 20 pesewas per litre of petrol/diesel and 18 pesewas per kg on Liquefied Petroleum Gas (LPG) and a Sanitation and Pollution Levy of GHS10 pesewas per litre of petrol and diesel.
Also taking effect is the COVID-19 Health Recovery Levy Act, 2021 (Act 1068) and the Energy Sector Levy (Amendment) Act, 2021 (Act 1064).
In an earlier statement, the Ghana Revenue Authority (GRA) noted that Parliament had
Punch Newspapers
Sections
Published 2 May 2021
The Executive Secretary/Chief Executive Officer, Nigerian Association of Liquefied Petroleum Gas Marketers, Mr Bassey Essien, speaks to ’FEMI ASU on vital issues in the country’s Liquefied Petroleum Gas (cooking gas) industry
Last
year, cooking gas consumption in Nigeria reached one million metric tonnes of LPG for the first time. The country’s LPG consumption has been low for years despite the availability of abundant gas reserves; what is responsible for this?
We have seen some improvement in the consumption level in recent years. In the early year 2000, we were consuming about 0.5kg per capita, and today it has risen to about 5kg per capita consumption, which is an improvement.
Fuel and Liquefied Petroleum Gas (LPG) prices will increase from tomorrow, Saturday 1 May 2021. The price Motor Spirit will increase from $2.24 to $2.35 per litre, an increase of 11 cents per litre while the price of Premix increases from $1.85 to $1.96 per litre, an increase of 11 cents per litre. The price of Kerosene remains unchanged at $1.43 per litre and the price of Diesel increases from $1.86 to $1.94 per litre, an increase of 8 cents per litre. The price of a 4.5kg cylinder will increase from $14.17 to $14.41, an increase of 24 cents, a 12kg cylinder will now cost $38.43, an increase of 64 cents while the price of a 13kg cylinder will increase from $40.94 to $41.64, an increase of 70 cents.