Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Gov’t to suspend GH¢1 D-Levy on diesel for October, November

The government is to temporarily suspend the GH¢1-per-litre Energy Sector Shortfall and Debt Repayment Levy (D-Levy) on diesel for October and November. The measure will allow the government to maintain its existing GH¢2-per-litre intervention on diesel, although the relief will now be funded through a different combination of measures. Under the revised arrangement, the reduction […]

Gov’t to suspend GH¢1 D-Levy on diesel for October, November

The Ghanaian government has announced its intention to temporarily suspend the GH¢1-per-litre D-Levy on diesel for October and November. This move aims to provide consumers with relief as the country anticipates a sharp increase in petroleum prices. Under the revised arrangement, the government intervention on diesel will be reduced from GH¢2 to GH¢1 per litre, with the additional GH¢1 per litre coming from the suspension of the D-Levy.

This decision comes as the Chamber of Petroleum Consumers (COPEC) projects a 5.21% increase in petrol prices and a 22.91% rise in diesel prices effective from October 1, 2026. The expected price hike in fuel will have an impact on transport fares and the overall cost of living, but the government's temporary suspension of the D-Levy is expected to mitigate some of these effects.

Brief written by urgent.news from Adom Online's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

Read the original at adomonline.com →

More in Finance & Markets

More from Thursday 1 October →