We won’t burden consumers with any additional taxes – NPA tells LPGMCs

The National Petroleum Authority (NPA) has indicated it would not further burden consumers with any additional taxes. NPA explains because some parts of the country are under a partial lockdown it wouldn’t be fair.

This debunks media reports that suggested the LPG Marketing Companies Association of Ghana (LPGMCs) are calling for the withdrawal of GHp 13.5 Cylinder Recovery Margin which took effect April 1, 2020.

In a statement, NPA revealed that the margin is to assist marketers to offset some of their financial expenses, the action, they claimed is in accordance with the full cost recovery principle of petroleum products pricing in Ghana.

“Per our projection for this very pricing window (1st April to 15th April, 2020), consumers are expected to enjoy a price reduction of about 11.56 percent even with the introduction of the Cylinder Recovery Margin. These projections were made before the decision to introduce the Cylinder Recovery Margin,” the statement reads further

What’s your take on this?