The Government of Ghana has announced a temporary fuel cost reduction measure, absorbing part of the price of diesel and petrol to ease pressure on consumers amid rising global oil prices.
Effective April 16, 2026, the state will absorb GH¢2 per litre on diesel and GH¢0.36 per litre on petrol, according to a statement issued by Felix Kwakye Ofosu.
“Effective April 16, 2026… the Government will absorb GH¢2 per litre on diesel and GH¢0.36 per litre on petrol,” the statement said, noting the move is aimed at cushioning households and businesses.
The intervention follows recent spikes in international petroleum prices, which have driven up ex-pump prices in Ghana and increased transport and production costs.
Government says the measure is designed to mitigate the ripple effects on the broader economy, particularly for transport operators and small businesses already grappling with rising costs.
“This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses,” the statement added.
One-Month Temporary Relief
Approved by Cabinet, the policy will remain in place for one month, covering the next pricing window. Authorities say they will monitor global oil market trends during this period before deciding on further action.
The short-term nature of the intervention reflects efforts to balance consumer relief with fiscal sustainability, as global uncertainties continue to shape energy markets.
Government emphasised that the decision forms part of a broader strategy to stabilise prices and protect livelihoods.
“Government remains committed to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks,” the statement noted.
The fuel price intervention comes at a time when global geopolitical tensions continue to impact energy markets, underscoring the need for responsive policy measures to shield the domestic economy.
READ ALSO: Gov’t Absorbs GH¢2/L Diesel, GH¢0.36/L Petrol to Cushion Consumers
