Govt cuts fuel prices, absorbs GH¢2 on diesel, GH¢0.36 on petrol

Government has introduced temporary relief measures to cushion consumers against rising fuel prices, following increased volatility on the international petroleum market. Effective April 16, 2026, the start of the next pricing window, the State will absorb GH¢2.00 per litre of diesel and GH¢0.36 per litre of petrol.

The decision was announced in a statement issued on Wednesday, April 16, by the Minister for Government Communications, Felix Kwakye Ofosu. According to the statement, the move responds to sharp increases in global oil prices, which have contributed to higher ex-pump prices locally and impacted transport fares and economic activity. The intervention is aimed at reducing the burden on households, transport operators, and businesses. The statement said, "Effective April 16, 2026, which is the next pricing window, the Government will absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol. This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses." It further noted that the initiative reflects government's commitment to stabilising prices and protecting livelihoods amid external economic shocks, adding: "Government remains committed to maintaining price stability, protecting livelihoods, and supporting Ghana's economic recovery in the face of external shocks."

The measure, which has been approved by Cabinet, will remain in force for one month. During this period, government will monitor global market trends and decide on any further policy interventions if necessary.