GH¢1 D-Levy Suspension To Lower Pump Prices – COPEC
Suspending a GH¢1 D-Levy on fuel will alleviate consumer pain amid rising pump prices, COPEC says, as government extends diesel support and adjusts petrol pricing
Executive Director of COPEC, Duncan Amoah, announced that suspending the GH¢1 D-Levy on fuel will reduce the burden on consumers facing higher petrol prices.
His comments follow demands from petrol users for the government to mirror its diesel support measures after a projected 2.12% increase in petrol prices during October's first pricing window.
The state has extended the GH¢2 per litre diesel subsidy for two more months and cut diesel’s Energy Sector Shortfall and Debt Repayment Levy and margins by GH¢1 each, but petrol consumers have not received equivalent relief.
Amoah explained that COPEC initially expected the levy suspension to apply to both fuel types, yet petrol buyers still pay the full GH¢1 D-Levy while the government absorbs a similar cost on diesel, a gap now being addressed through the new suspension.
He noted that previous diesel support measures represented a significant financial strain on the state, which limits how much intervention is feasible, though the latest move still provides meaningful relief for consumers.
