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Home»General News»Govt may review fuel taxes if pump prices exceed GH¢15 – COPEC
General News

Govt may review fuel taxes if pump prices exceed GH¢15 – COPEC

SAMUELBy SAMUELMarch 16, 20261 Min Read
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The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has indicated that the second fuel pricing window, which opens on Monday, March 16, could trigger discussions about the possible removal of some taxes on fuel at the pumps.

Speaking on Channel One Newsroom on Sunday, March 15, 2026, Mr. Amoah said the government is monitoring developments closely and may consider adjusting or removing certain fuel taxes to ease pressure on oil marketing companies (OMCs).

“I am aware that the government was in some conversation with some petroleum service providers. The threshold has been GHȼ15. So, if we wake up tomorrow and the OMCs are doing 15 and beyond, be assured that the conversation about the taxes will kick in, particularly the GHȼ1 fuel levy,” he said.

His comments come amid ongoing tensions in the Middle East, which have disrupted global fuel supply chains and contributed to rising crude oil prices on the international market.

Market watchers have cautioned that higher global oil prices and possible supply constraints could further drive up domestic fuel prices, with potential knock-on effects on transport fares and household budgets across the country.

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