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Act 886
THE EIGHT HUNDRED AND EIGHTY-SIXTH
ACT
OF THE PARLIAMENT OF THE REPUBLIC OF GHANA
ENTITLED
CUSTOMS AND EXCISE (PETROLEUM TAXES AND
PETROLEUM RELATED LEVIES) (AMENDMENT) ACT,
2014
AN ACT to amend the Customs and Excise
(Petroleum Taxes and Petroleum Related
Levies) Act, 2005 (Act 685) to provide for a
change from ad valorem rate of duty to
specific excise duty rate on petroleum
products and for related matters.
DATE OF ASSENT: 31stDecember, 2014.
PASSED by Parliament and assented to by the
President:
First Schedule to Act 685 amended
"..,
The Customs and Excise (Petroleum Taxes and
Petroleum Related Levies) Act, 2005 (Act
685) is amended by the substitution for the
First Schedule of
•••
Act 886
CUSTOMS AND EXCISE (PETROLEUM TAXES AND
PETROLEUM RELATED LEVIES) (AMENDMENT) ACT,
2014
"First Schedule
(sections
1, 2, 3, and 4)
|
No. |
Petroleum Product |
Tax rate |
|
1. |
Premium |
2.7800 GHp/litre |
|
2. |
Gas Oil |
1.8000 GHp/litre |
|
3. |
Residual Fuel Oil |
3.2094 GHp/litre |
|
4. |
Unified Gasoline |
2.7800 GHp/litre |
|
5. |
Kerosene |
1.0375 GHp/litre |
|
6. |
Liquefied Petroleum Gas (L.P.G)
|
0.7246 GHp/litre |
|
7. |
Marine Gas Oil (Local) |
0.2945 GHp/litre". |
Date of Gazette notification: 31 st
December, 2014.
GPCL, ASSEMBLY PRESS, ACCRA.
GPCLlA7191l,lOO1l2/2014
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