The Ministry of Energy and Green Transition, has confirmed the postponement of the implementation of the Energy Sector Levies (Amendment) Act, 2025 (Act 1141), which was scheduled to take effect today, Monday, June 16, 2025. 

The Act, would have introduced a GH₵1 increase in the prices of petrol and diesel and a 20-pesewa rise on liquefied petroleum gas.

The Ghana Revenue Authority (GRA) announced the deferral of Tariff Interpretation Order (TIO) No. 2025/004 in a statement dated Friday, June 13, 2025, and signed by the Commissioner-General, Anthony Kwasi Sarpong.

Richmond Rockson, the Ministry’s Spokesperson and Head of Communication, explained on both social media and mainstream platforms that the decision was influenced by recent fluctuations in global oil prices.

In a post on X (formerly Twitter) on June 14, 2025, Rockson stated, “The implementation date for the Energy Sector Levies (Amendment) Act, 2025 (Act 1141), which would have taken effect from Monday, 16 June 2025, has been postponed after consultations with stakeholders.”

This, follows the government’s earlier announcement that levy collection would commence on 16th June 2025, marking the beginning of the second pricing window of the month.

“A new effective date will be communicated in due course,” he added.

Speaking in an interview on Channel One Newsroom on Saturday, June 14, Rockson reiterated that the decision was largely driven by recent developments in global oil markets.

He stated: “I can confirm that the government of Ghana, as issued by the GRA, has postponed the implementation of the Energy Sector Levies (Amendment) Act, 2025 (Act 1141). This levy is what has introduced GH₵1 on petrol, GH₵1 on diesel, and 20 pesewas on gas. So, yes, I can give you that confirmation.”

Rockson, attributed the postponement to a combination of factors, including a recent surge in international oil prices and the government’s commitment to shielding consumers from abrupt global price shocks, especially those linked to geopolitical tensions involving Israel and Iran.

He noted that “From February till date, a windfall was experienced on the fuel market as a result of the prudent management of the exchange rates, which has brought fuel prices from an average of GH₵17 to an average of GH₵11 or GH₵12, depending on which Oil Marketing Company (OMC) you buy from.”

However, he warned that crude oil prices have spiked again in the past 72 hours due to intensifying geopolitical tensions between Iran and Israel.

He explained: “In fact, the last three days, if you check crude oil prices on the international market, it moved from $60 to $74, and this is the highest we’ve seen in the past five months. This has also caused some disruptions in our pricing module.”

Rockson further emphasised that the government is closely monitoring the situation: “The President has directed the Ministers of Energy and Finance to keep monitoring the situation. So, they will keep monitoring, and as and when the factors look favourable, definitely, a new date will be announced,” he added.