Government through parliament amended the Special Petroleum Tax Act and reduced the tax rate from 17.5% to 15%.
It also abolished the Excise Duty in the Customs and Excise (Petroleum Taxes and Petroleum Related Levies) Act, which had imposed some levies on fuel.
Consequently, the NPA in a statement signed by the Authority’s Technical Director, Jacob Awuah on behalf of the acting Chief Executive, asked the OMCs to reduce ex-pump prices of fuel today Friday March 16, 2017 to reflect the changes.
Below is the full statement:
Read Full Story
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS