The Government has announced a temporary intervention to absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol, effective April 16, 2026, to cushion consumers against rising fuel prices.
The move follows a surge in global fuel prices attributed to geopolitical tensions between the United States and Iran, which have triggered volatility in international oil markets and impacted ex-pump prices in Ghana.
A statement signed by Mr Felix Kwakye Ofosu, Minister for Government Communications, on Wednesday, said the decision was taken in response to prevailing external market conditions affecting domestic fuel prices.
It said the intervention, which would run for one month, was aimed at easing the burden on households, transport operators and businesses.
“Government will 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 decision followed engagements with stakeholders, including civil society organisations, on the impact of rising fuel costs.
The statement noted that the measure formed part of efforts by the Government to stabilise prices and protect livelihoods amid ongoing global uncertainties.
It said the intervention would be reviewed after one month, based on developments in the international oil market, to determine the next course of action.
