The Institute for Energy Security (IES) has called on the government to suspend the Price Stabilisation and Recovery Levy. This action is requested as global oil prices are experiencing a significant surge.
IES states that suspending this levy will offer much needed relief to consumers who are facing higher fuel costs.
The continued rise in international oil prices directly impacts the cost of fuel sold within Ghana.
The Price Stabilisation and Recovery Levy is one component that contributes to the final price of fuel at the pump.
IES believes that removing this levy temporarily would ease the financial pressure on households and businesses.
The organisation hopes this measure will help stabilise fuel prices for the public.
The government has not yet responded to this request from IES.