Gov't cuts fuel costs, absorbs GH¢2 per litre on diesel and GH¢0.36 per litre on petrol

Government has announced temporary measures to cushion consumers against rising fuel 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 press statement issued by the Government Communications Minister, Felix Kwakye Ofosu, the decision was taken in response to sharp increases in global oil prices, which have fed into higher ex-pump prices locally, affecting transportation costs and general economic activity.

The measure, approved by Cabinet, will remain in force for one month. The government says "This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses." The statement added that the intervention reflects government's broader commitment to stabilising prices and protecting livelihoods, stating: "Government remains committed to maintaining price stability, protecting livelihoods, and supporting Ghana's economic recovery in the face of external shocks."

During the one-month period, the government says it will closely monitor global market trends and determine whether further policy action is required.