Speaking in an interview on Joy FM's SMS on Wednesday, June 4, Mr Jinapor explained that the government refrained from introducing the levy when it assumed office due to the high cost of petroleum products at the time.

According to him, at the time, fuel prices were hovering around GH¢16.00 per litre, a level deemed too burdensome for consumers to absorb additional charges.

However, he noted that recent interventions by the government have led to a reduction in fuel prices to approximately GH¢13.00 per litre, creating what he said was a reasonable window to introduce the levy.

"Fuel was around GH¢16.00, and a sensitive government will not slap a tax when fuel is GH¢16.00. You couldn't have imposed that tax around that time when fuel was still very high, and so you needed to work to bring fuel down to this level and share the gain with Ghanaians. At that time, if we had increased it, you can imagine the impact on Ghanaians, but today, the net effect is that you are still having a reduction of GH¢3.00 on a litre of fuel," he explained.