COPEC to picket Finance Ministry over ‘insensitive’ PSRL

The Chamber of Petroleum Consumers (COPEC) has served a 7-day ultimatum to the government for the immediate reversal of the Price Stabilization and Recovery Levy, hinting of picketing at the Finance Ministry if it calls are not met.


Speaking on the Market Place, Executive Secretary, Duncan Amoah, described the reinstatement as “insensitive and a slap on the faces of petroleum consumers”.

According to him, the least authorities could have done should have found ingenious ways of reducing prices to foster fluidity in the consumption of consumers. 

“This has got to be reversed within the next seven days, if not, we shall picket at the Finance Ministry. This is unwarranted. The President saw the hardship that Ghanaians are going through and in November, December last year called for the suspension of the levy”.

“Collecting the levies of this nature is insensitive and will be fiercely contested,” he fumed.

President Akufo-Addo had directed the National Petroleum Authority to extend the removal of the Price Stabilisation and Recovery Levy on petrol, diesel, and Liquefied Petroleum Gas to the end of January 2022.

Following the exhaustion of the grace period, the NPA however restored the PSRLs.

“We hereby wish to inform all Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) that effective 1st February, 2022, the PSRLs on petrol, diesel and LPG have been fully restored,” it said in a statement by the National Petroleum Authority.

The restored PSRL is 16 pesewas per litre on petrol, 14 pesewas per litre on diesel, and 14 pesewas per kilogram on LPG.