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COPEC kicks against new taxes on petroleum products

COPEC kicks against new taxes on fuel products

+ The Chamber of Petroleum Consumers (COPEC) has urged Parliament to kick against government’s plans to introduce Sanitation and Pollution Levy, which will charge 10 pesewas per litre of petrol/diesel. Executive Secretary of the chamber, Duncan Amoah, the said Ghanaians were already paying too much for petroleum products and should not be overburdened with new fuel taxes. In a media interview on Monday, Mr Amoah said Ghana was losing GHc1.9 billion annually through fuel smuggling because of loopholes in the petroleum value chain and urged the Government to plug those loopholes rather than introduce new fuel taxes. He said fuel prices had increased by 17 per cent over the past two months from GHc4.7 per litre to GHc5.45.

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