The new levies, which take imme­diate effect, were strongly opposed by the Minority members who argued that they would impose more hard­ship on the already suffering Ghana­ian.

The Road Fund component of the price build-up is now ?0.40 per litre from the previous ?0.07 per litre.

Also, there is a tax of ?0.05 on diesel and LPG as PSM; ?0.28 on petrol, diesel and LPG as PIS levy; ?0.05 on petrol as PSM; ?0.05 on petrol as recovery margin, ?40.05 on petrol, diesel and ?0.23/kg on LPG as forex under recovery and UPPF at ?0.09 per litre.

According to the Finance Minister, the urgent bill is to restructure, re- nationalize and consolidate energy sector levies to promote the prudent and efficient utilization of proceeds derived from the levies to facilitate sustainable long-term investments in the energy sector.

Minority leader, Osei Kyei-Mensah-Bonsu said the entire bill was vague, adding that Mr Terpker did not give specific reasons for the imposi­tion of the taxes.