{"id":399257,"date":"2018-02-07T11:53:15","date_gmt":"2018-02-07T11:53:15","guid":{"rendered":"http:\/\/citifmonline.com\/?p=399257"},"modified":"2018-02-07T17:37:03","modified_gmt":"2018-02-07T17:37:03","slug":"scrapping-fuel-taxes-will-collapse-govts-revenue-structure-npa","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2018\/02\/scrapping-fuel-taxes-will-collapse-govts-revenue-structure-npa\/","title":{"rendered":"Scrapping fuel taxes will ‘collapse’ Govt’s revenue structure – NPA"},"content":{"rendered":"
The Chief Executive Officer of the National Petroleum Authority (NPA), Hassan Tampuli, has insisted that government cannot scrap or review\u00a0taxes on petroleum products downward any further.<\/p>\n
According to him, the taxes have been incorporated into government’s revenue projections for the year and any attempt to scrap any of them could spell doom for the current revenue structure.<\/p>\n
Speaking on the Citi Breakfast Show<\/strong> on Wednesday, Mr. Tampuli however added that government is putting in place measures to alleviate the plight of petroleum consumers.<\/p>\n [contextly_sidebar id=”8ZxnyvwNnU8qUizzoKuNnq73qPxqJnEM”]\u201cYou would agree with me that government has some obligations and these obligations are based on the projected revenue and the revenues that we have accrued. These revenues include the price stabilization and recovery levy. Now that lots of revenue for the government.\u201d<\/p>\n \u201cIf you are saying that we should remove completely the Special Petroleum Tax, price stabilization levy among others, then you are just asking for the collapse of the revenue as far as government projects are concerned. What government is doing is in a way responding to the needs and concerns of the Ghanaian people by reducing the price figure by 3%,\u201d he added.<\/p>\n