• About
  • Advertisements
  • Terms of Use
  • Contact
Wednesday, July 16, 2025
The Sikaman Times
Advertisement
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus
No Result
View All Result
The Sikaman Times
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus
No Result
View All Result
The Sikaman Times
No Result
View All Result

Fuel prices up as Gov’t implements GH¢1 levy

by The Sikaman Times
July 16, 2025
Fuel economy tips in the wake of expected global price surge caused by Israel-Hamas war
ShareTweetSendShareSend

The Ghana Revenue Authority (GRA) has begun enforcing new levies on petroleum products following the implementation of the Energy Sector Levies (Amendment) Act, 2025 (Act 1141), which takes effect today, July 16.

Initially scheduled for mid-June, the levy adjustments were deferred by a month to monitor international fuel prices and sustain recent domestic price stability.

In a statement signed by Acting Commissioner-General Anthony Kwasi Sarpong, the GRA explained that the delay was necessary to conduct a review of global market trends.

The Authority has now confirmed that a final assessment of economic conditions has informed the decision to proceed, consistent with the government’s objective of maintaining macroeconomic stability.

Under the revised structure, the Energy Sector Shortfall and Debt Repayment Levy (ESSDRL) on petrol has more than doubled — from GH¢0.95 to GH¢1.95 per litre. Diesel is now levied at GH¢1.93, up from GH¢0.93, while Marine Gas Oil (MGO) used by foreign vessels has also increased from GH¢0.93 to GH¢1.93. Locally consumed MGO will attract GH¢0.23, rising from GH¢0.03, and heavy fuel oil will now be levied at GH¢0.24 per litre, compared to the previous GH¢0.04.

Levies on liquefied petroleum gas (LPG) and naphtha remain unchanged at GH¢0.73 per litre, offering some relief to households that rely on LPG for cooking.

To facilitate the transition, the GRA has updated its Integrated Customs Management System (ICUMS) to automatically apply the new rates. Importers, distributors, and customs agents have been directed to comply fully with the revised charges.

“Your cooperation is vital to the successful implementation of this critical revenue measure, which is essential for Ghana’s energy sector stability and overall economic development,” the GRA noted. Circulars have been issued to all customs posts, ports, and petroleum service providers to guide implementation.

Meanwhile, prices of petroleum products have risen by approximately 9%, to GH¢12.88 per litre for petrol and GH¢14.38 per litre for diesel.

Advertisement Advertisement
Tags: FeaturedFuel pricesGhana Revenue Authority
ShareTweetSendShareSend
Previous Post

Prof. Frimpong-Manso Opuni takes over from Dr. Delese Darko as FDA boss

Next Post

Celebrating the Invisible Architects: Public Relations Practitioners

Related Posts

GRNMA suspends strike plans following government commitments
General

GRNMA suspends strike plans following government commitments

July 16, 2025
a forex-bureau
Business

Importers lament dollar shortages at banks despite cedi stability

July 16, 2025
Prof. Frimpong-Manso Opuni takes over from Dr. Delese Darko as FDA boss
General

Prof. Frimpong-Manso Opuni takes over from Dr. Delese Darko as FDA boss

July 14, 2025
Health Minister, Kwabena Mintah Akandoh
Education

Govt approves uniform, fuel allowances for nurses, talks on remaining demands continue

July 14, 2025
Team Redeemer Tech with CEO of The MakersPlace, Douglas Ayitey
Education

Ghana’s Redeemer Tech places 3rd at inaugural AI for Good Robotics challenge in Geneva

July 14, 2025
Economic Governance Platform rallies citizens’ involvement in debt management reforms
Business

Economic Governance Platform rallies citizens’ involvement in debt management reforms

July 13, 2025
Next Post
Mary Lawson

Celebrating the Invisible Architects: Public Relations Practitioners

  • a forex-bureau

    Importers lament dollar shortages at banks despite cedi stability

    1 shares
    Share 0 Tweet 0
  • GRNMA suspends strike plans following government commitments

    1 shares
    Share 0 Tweet 0
  • Celebrating the Invisible Architects: Public Relations Practitioners

    1 shares
    Share 0 Tweet 0
  • Fuel prices up as Gov’t implements GH¢1 levy

    0 shares
    Share 0 Tweet 0
  • Nigeria’s former President Muhammadu Buhari dies in London at 81

    1 shares
    Share 0 Tweet 0
The Sikaman Times

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Browse by Category

  • Africa
  • Ahafo
  • Art & Entertainment
  • Arts & Entertainment
  • Ashanti
  • Aviation
  • Banking & Finance
  • Bono East
  • Brong Ahafo
  • Business
  • Business
  • Central
  • Communication
  • Culture
  • Eastern
  • Economy
  • Education
  • Entrepreneurship & Local Business
  • Exclude
  • Features
  • General
  • Ghana
  • Greater Accra
  • Health
  • Health
  • International
  • International Trade
  • Lifestyle
  • Lifestyle
  • Media
  • National
  • News
  • North East
  • Northern
  • Oil & Gas
  • Oti
  • Politics
  • Politics
  • Real Estate
  • Regional
  • Relationship
  • Relationship
  • Religion
  • Savannah
  • Social
  • Social
  • Sports
  • Sports
  • Technology
  • Trade
  • Transportation
  • Uncategorized
  • Upper East
  • Upper West
  • Volta
  • Western

Recent News

GRNMA suspends strike plans following government commitments

GRNMA suspends strike plans following government commitments

July 16, 2025
a forex-bureau

Importers lament dollar shortages at banks despite cedi stability

July 16, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

About Us

© 2024 - The Sikaman Times

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus

About Us

© 2024 - The Sikaman Times

QUICK LINKS

About

Privacy Policy

Terms Of Use

Advertisement

Contact

FOCUS

Ghana

Africa

International

CATEGORIES

General News

Business

Opinions

Politics

Technology

EXTRAS

Sports

Entertainment

Health & Wellness

STAY CONNECTED

Facebook Twitter Youtube Instagram Linkedin

© COPYRIGHT 2022-2025
The Sikaman Times