The Institute for Energy Security has asked the government to stop collecting the Price Stabilisation and Recovery Levy. This is a call for easing the financial strain on people across the country.
Global oil prices are currently going up. This causes the cost of fuel to rise significantly.
IES believes suspending the levy would offer immediate relief to consumers. The levy is added to the price of fuel at the pump.
The rising cost of fuel affects many aspects of daily life. It impacts transportation and the price of goods.
The call by IES highlights concerns about the economic impact of global energy market fluctuations on ordinary citizens.
Further details on the government's response to this request are awaited.
