Government has announced a temporary reduction in fuel prices as part of measures to cushion consumers against rising costs driven by global market pressures.
Effective April 16, 2026, the state will reduce the cost burden on motorists by absorbing GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol for a one-month period.
The decision comes as international oil price volatility continues to drive up fuel costs at the pumps in Ghana.
In a statement signed by Felix Kwakye Ofosu, Spokesperson to the President and Minister for Government Communications, government said the intervention forms part of efforts to respond to external shocks affecting the local economy.
“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.
The statement further indicated that the policy followed high-level engagements, including discussions with civil society organisations on the economic impact of fuel price hikes.
“This follows meeting the President met with CSO amid the global fuel hike,” it added.
Authorities say the temporary measure is designed to stabilise prices in the short term while monitoring developments on the international oil market for possible further action.
