OMCs to Implement Fuel Levy Next Week
The Chamber of Oil Marketing Companies (COMAC) will commence the implementation of the ¢1 fuel levy on June 16.
In a statement, the Chamber said it was satisfied with the new date.
“Following our consultations and collaborative efforts, we are pleased to announce our alignment and satisfaction with the revised implementation date for the new Energy Sector Shortfall and Debt Repayment Levy (ESSDRL).”
It comes after the Chamber kicked against the initial implementation date of Monday, June 9, 2025, saying the approach of the government was neither lawful nor operationally feasible.
“The Chamber leadership met the Hon. Minister for Energy and Green Transition on Thursday, 5th June, to discuss the levy and tabled three practical and necessary demands to mitigate the impact. That engagement, it appears, was merely ceremonial, as the concerns raised have been completely disregarded.”
It requested a minimum two-week transition period to allow industry players to align with this major fiscal change.
“We therefore wish to state unequivocally: COMAC and its members cannot and will not begin implementation of this levy from Monday, 9th June…This must not be reduced to a technocratic rush to impress. We are industry stakeholders, not bystanders, and we deserve better than Rambo-style directives in the middle of a weekend.”
Source: https://opemsuo.com/author/hajara-fuseini/
