Petroleum price build up in Ghana constitute about 70% taxes alone, the Finder newspaper reported Wednesday.
Government in December imposed 28% taxes on all petroleum products forcing prices to go up.
With the new increases, Taxes on petrol per litre are Excise Duty, 2.78 pesewas per litre; Energy Debt Recovery Levy, 41 pesewas per litre; Road Fund Levy, 40 pesewas per litre; Energy Fund Levy, 1 pesewas per litre; Price Stabilisation and Recovery Levy, 12 pesewas per litre.
Other margins are Primary Distribution Margin, 4.5 pesewas per litre; BOST Margin, 3 pesewas per litre; and Fuel Marketing Margin, 1.5 pesewas per litre.
Each tax component and margins also attract 17.5% Value Added Tax (VAT), which the consumer also pays.
For diesel, the tax components per litre are Excise Duty, 1.8 pesewas per litre; Energy debt recovery levy, 41 pesewas per litre; Road Fund Levy, 40 pesewas per litre; Energy Fund Levy, 1 pesewa per litre; Price Stabilisation and Recovery Levy, 10 pesewas per litre.
Energy Debt Recovery Levy of 41 pesewas per litre of petrol and diesel is said to be money that would go to buy fuel for the electricity sector, according to the Finder.