The Institute for Energy Security has urged the government to stop collecting the Price Stabilisation and Recovery Levy. This call comes as global oil prices are increasing significantly.
IES believes suspending the levy will help reduce the cost of fuel for Ghanaians. They say the current rise in international oil prices is making it difficult for many people.
The Price Stabilisation and Recovery Levy is a tax added to the price of fuel. It is meant to help manage fuel price fluctuations.
By suspending this tax, the government could provide some immediate relief to consumers at the pump.
This makes fuel more affordable for everyday use, and for businesses that rely on transportation.
The institute hopes their request will be considered to lessen the economic burden on citizens.