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    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

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    BoG Governor confident inflation has peaked; expects rate to start declining

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    Policy rate likely to be increased to tame inflation – Databank CEO

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    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

    NPA allays fears of fuel scarcity in the country

    Fuel prices to rise marginally in second pricing window of May – IES

    Gov’t to put measures in place to reduce ‘imported inflation’ – Ofori-Atta

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    Government to invest heavily in internet safety – Ursula pledges

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    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

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Energy Minister announces withdrawal of new LPG levy

byNerteley Nettey
April 16, 2020
in Oil And Gas, Top Stories
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Government has announced the withdrawal of the 13.5 pesewas Cylinder Recirculation Margin (CRM) levy placed on every kilogram of Liquefied Petroleum Gas (LPG).

This was revealed by the Minister of Energy, Peter Amewu at a press briefing on Thursday, April 16, 2020.

“That slight increase in price that you saw in the papers, it has been withdrawn. The re-circulation module, I think as you are all aware was a very noble thing introduced by the government. That amount you saw was supposed to level up the prices. It has been withdrawn,” he said.

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On Tuesday, March 31st, 2020, the National Petroleum Authority, NPA, directed Oil Marketing Companies, OMCs to start charging 13.5 pesewas on every kilogram of LPG from the 1st of April 2020. In addition, the NPA also increased the levy on Fuel Marking Margin from 3 pesewas to 4.5 pesewas per litre on every product.

Meanwhile, the Minister said government will later decide on the way forward in relation to the levy after a careful review by Cabinet.

Following the introduction of the levy, some industry players said that directive was unlawful and must be withdrawn with immediate effect

The Chamber of Petroleum Consumers, COPEC, demanded for an official publication from the National Petroleum Authority, NPA, notifying Ghanaians of a withdrawal of the levies it placed on Liquefied Petroleum Gas, LPG.

The Liquefied Petroleum Gas Marketing Companies Association of Ghana described the introduction of the 13.5 pesewas Cylinder Recirculation Margin (CRM) as unfortunate.

It said the levy is not only going to burden the tax payer, but is also insensitive to the plight of Ghanaians as the country grapples with the social and economic impact of the COVID-19 pandemic.

Also, the Chamber of Petroleum Consumers and the Consumer Protection Agency sued the National Petroleum Authority (NPA) over the introduction of the Cylinder Recirculation Recovery Margin.

The two companies in their writ of summons argued among other things that the NPA failed to consult with various stakeholders before introducing the policy.

But the NPA in an earlier release issued on Friday, April 4, 2020, maintained that such calls are unfortunate because its projection rather shows that for this very pricing window (1st April to 15 April, 2020), consumers are expected to enjoy a price reduction of about 11.56 percent even with the introduction of the Cylinder Recovery Margin.

“We wish to state categorically that, contrary to their claim that the introduction of the margin will increase the product price at the pumps and thereby burden the consumer, the facts as they stand do not support that,” they added.

Cylinder Re-circulation Model pilot implementation launched in Kade

The National Petroleum Authority, NPA, and the Ministry of Energy, started the pilot implementation of the Cylinder Re-circulation Model at Kade in the Kwaebibirim Municipality of the Eastern Region in March this year.

The Cylinder Re-circulation Model, which is primarily aimed at reducing LPG-related accidents according to government, will also create more jobs contrary to claims by players in the sector that they will lose their jobs.

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