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Chamber of Petroleum Consumers seeks petroleum taxes increase restriction law

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Executive Secretary of the Chamber of Petroleum Consumers, Duncan Amoah says the Organisation is sending a memorandum to Parliament to initiate discussions on the need to enact a law to prevent a sitting Finance Minister from increasing petroleum taxes at will to the detriment of the Ghanaian.

Speaking to Radio Ghana on issues confronting the sector, Mr. Amoah said the issue of fuel price reduction is expected to be effected by Government in view of world price reduction.

He said if this is not done the Chamber would advise itself. Mr. Amoah said currently no revenue is being raised by government and expressed the fear that early next year after the elections, government would be bereft of money to fix the economy.

Meanwhile, the major political parties would be provided a platform to explain and justify how they will manage the petroleum industry per their manifestos when they win power.

According to the Executive Secretary, the 28th and 29th of this month have been slated for the parties to meet experts for the round table.

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