The Institute for Energy Security is asking the government to temporarily stop collecting the Price Stabilisation and Recovery Levy on fuel.

This call comes as global oil prices continue to increase rapidly.

IES believes that suspending the levy will help ease the financial pressure on Ghanaian consumers who are paying more for fuel.

The Price Stabilisation and Recovery Levy is one of several taxes added to the pump price of petroleum products.

Consumers have been struggling with rising costs for essential goods, and higher fuel prices add to this burden.

IES stated that suspending the levy would offer immediate relief to households and businesses.

The group emphasized the need for the government to consider measures that protect citizens from sudden surges in global commodity prices.

Further details on the government's response to this request are awaited.