The Chief Executive Officer of the Association of Oil Marketing Companies (AOMCs), Dr Riverson Oppong Peprah, has warned that the newly approved GH¢1 fuel levy could drive fuel prices higher, adding further strain on consumers and the downstream sector.
Speaking on JoyNews AM today, June 4, he criticised the government for imposing the levy without proper consultation, stressing the potential consequences for fuel prices and the industry.
His comments come amid Parliament's approval on Tuesday of the Energy Sector Levy (Amendment) Bill, 2025, which introduces an additional GH¢1 charge on every litre of petroleum products.
The bill was passed late Monday, 3rd June, as a measure to generate funds to tackle Ghana's mounting energy sector debt, currently estimated at US$3.1 billion. "Let's be clear: last year, no political party manipulated fuel prices because they cannot control international benchmark prices and i was very happy," he said. "Let's approach this holistically by fully understanding its impact.
