The Federal Government may rake in N796bn annually from the introduction of a five per cent surcharge on locally produced and imported petrol, based on its new tax policy slated to take effect from January 1, 2026, an analysis by The PUNCH has revealed. The five per cent surcharge on refined petroleum products is contained...
Category: Fuel Price
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Energy Levies to Boost Power Stability but May Fuel Inflation and Transport – PwC
Professional services firm PwC has cautioned that while the recently revised Energy Sector Levies are poised to strengthen Ghana’s power supply and reduce sector debt, they also risk burdening consumers with higher fuel costs and rising inflation. In its analysis of the 2025 Mid-Year Budget Review, PwC highlighted the dual-edged impact of the Energy Sector...
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PetroChina approves new northeast refinery complex, sources say
July 25 (Reuters) – PetroChina (601857.SS), opens new tab has made the final investment decision to build a new multi-billion-dollar refinery and petrochemical complex in northeast China’s Dalian, following recent closure of a nearby old plant, according to a company official and two industry sources. The new complex comprises a 200,000-barrel per day crude oil...
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CSO Budget Forum Urges Time Limit on New GHS 1 Fuel Levy
Civil society actors are calling on the government to include a time-bound provision in the proposed Energy Sector Levy (Amendment) Bill, 2025, which seeks to introduce a GHS 1 charge on every litre of fuel purchased at the pump. At a recent Civil Society Organisations (CSO) Budget Forum ahead of the 2025 Mid-Year Budget Review,...
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Top 10 African Countries With the Lowest Diesel Prices in July 2025
The cost of diesel has long dominated the rhythm of everyday life in many African countries from the price of food on market shelves to the cost of moving products over thousands of kilometers. In recent months, however, a few African nations have seen minor drops in fuel costs, providing temporary respite to consumers, transport...
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Fuel Prices Surge as July 2025 Second Pricing Window Opens
Motorists across Ghana are facing steep increases at the pump as the second fuel pricing window for July 2025 takes effect. The hike comes on the back of the implementation of a new GH¢1 energy sector levy, popularly referred to as the D-Levy—which came into force on Wednesday, July 16, 2025. A market survey conducted...
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Ghana Implements Energy Debt Levy, Fuel Prices Surge to GH¢12.59 per Litre
Accra, Ghana – July 16, 2025 – Fuel prices across Ghana have surged following the official implementation of a new GH¢1 energy sector levy, commonly referred to as the “D-Levy”, aimed at addressing the country’s ballooning energy sector debt. The levy, which took effect today, is being enforced under the Energy Sector Levies (Amendment) Act...
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Ghana’s Energy Ministry Ties Future of GH₵1 Fuel Levy to Sector Performance
The Ministry of Energy and Green Transition has clarified that the continuation or cancellation of the controversial GH₵1 fuel levy will depend on the evolving needs and performance of Ghana’s energy sector. Speaking on Joy FM’s Super Morning Show on Monday, July 14, Richmond Rockson, Head of Communications at the Ministry, said the levy was...
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Transport Operators Reject GH₵1 Fuel Levy, Demand Immediate Suspension and Transparent Dialogue
The Coalition of Commercial Transport Operators, representing over 90% of commercial drivers nationwide, has strongly opposed the recently announced GH₵1 levy on every litre of fuel purchased. In a press statement, the Coalition described the levy as “retrogressive and insensitive,” criticising its implementation without proper consultation with key stakeholders in the transport sector. They argue...
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World oil market may be tighter than it looks, IEA says
VIENNA, July 11 (Reuters) – The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the International Energy Agency said on Friday, as refineries ramp up processing to meet summer travel demand. The IEA, which advises industrialised countries, expects global supply to rise by 2.1...