National Communications Officer of the National Democratic Congress (NDC) Sammy Gyamfi has called for the removal of some taxes on petroleum products.
According to him, these taxes, including 10 pesewas Sanitation and Pollution tax, BOST Margin, Special Petroleum Tax, are not needed at the moment.
Sammy Gyamfi made the call in an interview with TV3’s Roland Walker on Wednesday, March 23.
He said, “Some of the taxes don’t make sense.”
“In this time of economic difficulty we should not be paying a 10 pesewas sanitation and pollution, I call it ‘Borla’ levy, on a litre of diesel and petrol, we don’t need a BOST margin of 9 pesewas.”
The NDC scribe argued that 80 to 90 per cent of these taxes are not needed now.
Former President Mahama, he said, introduced the Special Petroleum Tax at the time the international market price was going down with plans to collect it for just two years.
“At the time the international market price had gone down below 30 dollars and so we were losing in terms of our oil exports.”
“Now, the prices have gone up to about 100 and 120 dollars per barrel when this year 2022, we benchmarked it at 61 dollars per barrel. if we are to scrap these taxes, I tell you, that the litre of diesel and petrol will come down by a minimum GH¢1,” he added.
Source: Mypublisher24.com