The Minister for Energy and Green Transition, John Abdulai Jinapor, has revealed that government is engaging the Ministry of Finance to review taxes on petroleum products, including the one cedi levy.
The review follows increasing calls for relief at the pumps as tensions in the Middle East continue to impact global crude oil prices and push up fuel costs.
The Minister made this known at the launch of the Chamber of Oil Marketing Companies (COMAC) Safety Week Celebration in Accra, indicating that consultations are ongoing and a decision is expected once discussions are concluded.
Government, he noted, is prioritising the availability of petroleum products across the country, with pricing considerations to follow once supply is secured.
As part of ongoing deliberations, the Ministry of Energy is working closely with the Finance Ministry to determine which taxes and levies can be adjusted. While proposals have been made for the removal of some taxes, government is also considering the potential impact on revenue generation and overall fiscal stability.
Concerns over fuel supply have heightened since March 2026, following intensified geopolitical tensions in the Middle East. Despite assurances of adequate supply, consumers continue to call for a review of taxes to ease the cost burden.
The Chief Executive of the Chamber of Oil Marketing Companies, Dr. Riverson Oppong, has reiterated the industry’s readiness to support government in its ongoing review of petroleum taxes, as stakeholders work to maintain stability in the downstream sector.