Understanding Fuel Levies: Here are the extra charges you pay for at the pumps

One of the most sought-after commodities in Ghana and the world is petroleum products, often used for various purposes, especially transportation.

In Ghana, petroleum consumers continue to struggle with the high cost of fuel despite efforts by successive governments to reduce prices through various means.

However, the accumulation of prices, along with levies and taxes, has resulted in Ghanaians paying over 20 percent in petroleum levies at the pumps.

While many still argue whether these levies are necessary, as they believe they have outlived their intended purpose, the impact on consumers remains severe.

Governments around the world have taken steps to eliminate fuel levies to alleviate the economic burden on citizens.

The question remains whether a specific government in Ghana will take this much-needed action.

Here is a list of fuel levies Ghanaians pay for at the pumps:

• Energy debt recovery levy

• Energy fund levy

• Price stabilisation & recovery levy

• Sanitation & pollution levy

• Special petroleum tax

• Unified petroleum pricing fund

• Road fund levy

• Fuel marking margin

• BOST margin

• Distribution compensation/promotions

With additional files from myjoyonline.com

MA

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