The Chamber of Petroleum Consumers (COPEC) has petitioned the Speaker of Parliament over the proposed increase in components of the Energy Sector Levies (ESLA) which will lead to increase fuel prices.<\/p>\n
COPEC in its petition said the \u201ccu"},"modified":"2019-07-31T08:31:47","modified_gmt":"2019-07-31T08:31:47","slug":"copec-petitions-speaker-of-parliament-over-increase-in-esla","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/07\/31\/copec-petitions-speaker-of-parliament-over-increase-in-esla\/","title":{"rendered":"COPEC petitions Speaker of Parliament over increase in ESLA"},"content":{"rendered":"
<\/p>\n
The Chamber of Petroleum Consumers (COPEC) has petitioned the Speaker of Parliament over the proposed increase in components of the Energy Sector Levies (ESLA) which will lead to increase fuel prices.<\/p>\n
COPEC in its petition said the \u201ccurrent fuel price increase is coming at the wrong time.\u201d<\/p>\n
The mid-year budget reviews saw an\u00a0upward adjustment in the Road Fund Levy (RFL), the Energy Debt Recovery Levy (EDRL) and the Price Stabilization and Recovery Levy (PSRL).<\/p>\n
\u201cThis eventually shall lead to an increase in the current fuel price by about four percent,\u201d COPEC surmised.<\/p>\n
The petition outline\u2019s a series of cautions with COPEC highlighting the effect fuel price increases could have on lives of Ghanaians.<\/p>\n
\n\u201cIt shall affect every aspect of the economy and could bring serious challenges to the standard of living of persons and their purchasing ability. This shall increase the cost of living of the ordinary Ghanaian, through increased transportation cost to vehicle owners and users.\u201d<\/p>\n<\/blockquote>\n
COPEC also insisted that the \u201cordinary consumer in the energy sector would be worse off and should not be made to pay for recurring debt ostensibly created by inefficiencies of the state-owned enterprises.\u201d<\/p>\n