Gov’t to absorb GH¢2.00 on diesel, GH¢0.36 on petrol

The Government of Ghana has announced a temporary intervention to absorb part of the cost of petroleum products, in a move aimed at cushioning consumers from rising fuel prices driven by global market volatility.

Effective April 16, 2026, the government will absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol during the next pricing window. The measure is expected to ease the financial burden on households, transport operators, and businesses already grappling with increasing operational costs.

The decision, approved by Cabinet, comes in response to sustained increases in international oil prices, which have significantly impacted ex-pump prices across the country.

In a statement issued by the Minister for Government Communications and Spokesperson to the President, Felix Kwakye Ofosu, the intervention was described as a short-term relief strategy to support Ghanaians amid external economic pressures.

The government indicated that the measure will remain in force for one month, during which it will closely monitor developments in the global oil market and assess the need for further policy adjustments.

Authorities reaffirmed their commitment to maintaining price stability, protecting livelihoods, and supporting Ghana’s broader economic recovery in the face of ongoing global uncertainties.