Liquefied Petroleum Gas (LPG) marketers Association has appealed to the Akuffo-Addo led administration to abolish nuisance taxes on LPG products .
The Vice Chairman of the LPG marketers Association, Mr. Gabriel Kumi made the passionate appeal when he was speaking at a stakeholder engagement on the Cylinder Recirculation Model policy organised by the National Petroleum Authority (NPA) at the Tyco City Hotel in Sunyani.
“We wish to humbly remind you ,your respected audience and to a large extent Ghanaians that the LPG is a product that government used to subsidize at the introductory stage in the seventies, Eighties and the Nineties”,he said.
“Nana Chairman, we wish to remind government that LPG is not a luxury product. Its indeed a product for the masses with an elastic demand. This simply means that ,it is impossible to achieve an increment in demand and consumption by increasing taxes which ends up pushing the pump price of the product”.
” Rather, you lower prices ,attract more people into the consumption net, so you can increase demand and consumption which finally move government towards achieving its objective of increasing LPG access ,consumption and penetration from the current 25% to 50% by the year 2030″, Mr. Kumi noted.
Mr. Gabriel Kumi added that, “at this point Nana Chairman, we humbly invite you personally, your respected audience, the media and Ghanaians in general to urgently appeal to Government to immediately remove all nuisance taxes on LPG to free up demand and consumption of the product. Taxes on LPG are great nuisance to the consumption of the product”.
Source : Ghana/Dinpafm.com/91.3FM