Energy expert Mr Samson Addea has applauded the government’s decision to scrap some petroleum taxes, aimed at cushioning transport operators amid rising fuel prices.
The government, through the minister for communications, announced on Thursday, April 9, 2026, following an emergency cabinet meeting on fuel prices, that the president has directed the ministers for finance and transport to review and reduce petroleum taxes.
Speaking on Nyankonton Mu Nsem on Rainbow Radio 87.5FM, Mr Addea stated the move will benefit passengers and anyone using fuel in the country.
He added that it will help transport operators halt their plans to increase fares nationwide.
Mr Addea used the opportunity to advise the government on its fuel strategy as the Middle East conflict continues.
The expert noted that price hikes can be attributed to disruptions in global oil supply, particularly restrictions along the Strait of Hormuz, a key route through which a significant portion of the world’s crude oil is transported.
He said this incident has led to higher crude oil prices, increased insurance premiums, and rising freight costs.
He advised the government to scrap the 1 Ghana cedi fuel levy, saying it will help in dealing with the reduced build-up.
The expert also wants the government to remove the special petroleum tax which was introduced in 2015.
Additionally, he wants the government to remove the Fuel Marking Margin (FMM), the ‘bola’ or pollution and sanitation levy and the Energy Debt Recovery Levy.
The removal of these taxes and levies he added will certainly go a long way in stabilising the situation and bring relief to the people.
Following a Cabinet directive, the Ministers of Finance and Energy have been instructed to implement a reduction in fuel prices in the upcoming pricing window, effective Thursday, April 9, 2026.
This will be achieved through the suspension of specific taxes and margins, details of which will be announced at the next pricing window.
The measure is expected to last for four weeks and will be subject to review based on developments in the Middle East conflict and fluctuations in crude oil prices.
Additionally, the minister for transport has been directed to expedite the deployment of the recently acquired 100 Metro Mass Transit buses on high-traffic corridors, ensuring that transport fares on these buses remain lower than those charged by private operators.
By: Rainbowradioonline.com/Ghana