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05.03.2009 Business & Finance

Government to reduce petroleum taxes

By gna

The government on Thursday announced the
reduction of taxes on petroleum products in fulfilment of its promise to

reduce the price of petroleum products.
Presenting the government's 2009 budget statement to Parliament in

Accra, Dr. Kwabena Duffuor said the National Petroleum Authority (NPA) would make the necessary announcement as soon as parliament endorsed the proposals.

Dr Duffuor said the reduction was in fulfilment of the manifesto of the

NDC to reduce the prices of petroleum products and alleviate the hardships

that the people have faced in recent times.
“Madam Speaker, when this is done we expect transport agencies to show

good faith and reciprocate government's gesture by passing on the reductions

on to the travelling public,” the Minister said.