The Institute for Energy Security IES has asked the government to consider pausing the collection of the Price Stabilization and Recovery Levy on diesel fuel. This proposal aims to provide some quick help to people struggling with rising fuel prices.
Global oil prices have been increasing lately. This has led to higher prices at the pump for consumers in Ghana.
The IES stated that suspending the levy could offer modest but timely relief. This would ease the financial burden on many households and businesses.
The organization believes this measure is necessary given the current economic climate and the impact of global oil market fluctuations.
Further details on the potential economic impact and duration of the suspension were not immediately available. The government has not yet responded to the IES request.