Government of Ghana has cushioned the citizenry by reducing the margin of taxes on fuel beginning April 1, 2022, Finance Minister, Ken Ofori Atta has announced.
Addressing the press at the conference room of the Ministry of Information on Thursday, Ghana’s Finance Minister, Ken Ofori Atta announced the reductions in BOST, Unified Petroleum Price Fund, Primary Distribution and Fuel Marking Margins.
According to him, BOST Margin will see 2 pesewas reduction, UPPF will be reduced by 9 pesewas, Fuel Marking Margin by 1 pesewas and Primary Distribution Margin by 3 pesewas.
These reductions, he said, are expected to translate to 15 pesewas reduction of margins on fuel.
He explained that these reductions are for a period of three months.
The Finance Minister added that government will in the coming days engage with Oil Marketing Companies to plead with them to reduce their margins.
Ghanaians have been lamenting on social about the rising cost of petrol and diesel.
A litre of petrol and diesel currently sells at between GHS9.99 and GHS11.70 respectively at the pump.
More details soon.
Source: https://energynewsafrica.com
