The Institute for Energy Security is calling for the government to temporarily stop collecting the Price Stabilisation and Recovery Levy. This is happening because the cost of oil worldwide is going up.
The institute believes pausing this levy would help ease the financial pressure on consumers. Many people are struggling with the rising cost of fuel.
Global oil prices have been on an upward trend. This makes it harder for citizens to afford essential transportation and energy.
The Price Stabilisation and Recovery Levy is added to the cost of fuel. Suspending it could lead to lower prices at the pump.
IES hopes this action will provide some relief to Ghanaians. They are urging the government to consider their request.