The Institute for Energy Security has asked the government to pause the Price Stabilisation and Recovery Levy. This is because the cost of oil is increasing globally.
IES says that suspending this tax will help ease the financial strain on consumers.
The current global situation with oil prices is making fuel more expensive for everyone.
The levy is meant to help stabilize fuel prices but is now adding to the burden.
IES believes this action is necessary to support Ghanaians during these difficult economic times.
The government has not yet responded to the call for suspension.
Further analysis by IES suggests the levy is no longer serving its intended purpose effectively.
Consumers are facing higher costs at the pump due to the combined effect of global prices and local taxes.