Government has absorbed GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol, effective April 16, 2026, as part of a temporary intervention to cushion consumers against rising fuel prices driven by global market pressures.
This follows a surge in global fuel prices linked to geopolitical tensions involving the United States and Iran, which has contributed to volatility in international oil markets and increased ex-pump prices in Ghana.
According to a statement signed by Minister for Government Communications, Felix Kwakye Ofosu, on Wednesday, April 15, the decision was taken in response to external market conditions affecting domestic prices.
He explained that the intervention will run for one month, aimed at easing the burden on households, transport operators, and businesses.
“Government to absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol effective April 16, 2026,” the statement said.
It added that the move followed engagements with stakeholders, including civil society organisations, on the impact of rising fuel costs.
“This follows meeting the President met with CSO amid the global fuel hike,” it noted.
The Mahama government further explained that the policy forms part of efforts to stabilise prices and protect livelihoods while global uncertainties persist.
The measure, according to the statement will remain in force for one month, after which government will review developments in the international oil market before deciding on the next steps.
Source: Starrfm.com.gh
