Gov’t adjusts fuel relief, cuts diesel support to GH¢1.07 per litre

The government of Ghana has announced an extension of its fuel price intervention programme, with revised support measures aimed at easing the burden of rising petroleum costs on consumers.

The decision follows a Cabinet meeting chaired by John Dramani Mahama, where officials assessed developments in the global oil market and the effect of international price volatility on local fuel prices.

In a statement issued by the Ministry of Energy and Green Transition, the government disclosed that its initial one-month relief package, introduced on April 16, 2026, officially ended on May 15, 2026. Under that package, the state absorbed GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol to stabilise pump prices.

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Effective May 16, 2026, the government has revised the diesel subsidy, announcing a new absorption rate of GH¢1.07 per litre as part of continued efforts to cushion consumers against increasing fuel costs.

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According to the Ministry, the adjustment is designed to provide ongoing relief for consumers while also ensuring the sustainable supply and distribution of petroleum products across the country amid persistent global market uncertainties driven by geopolitical tensions.

The revised intervention is expected to remain in force for two pricing windows, although authorities say the measure will be reviewed depending on prevailing market conditions.

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The extension comes amid growing calls from transport operators, consumers, and industry stakeholders for government support to continue, as high global crude oil prices continue to impact transport fares and the overall cost of living.

The Chamber of Petroleum Consumers has previously warned that removing the relief measures could lead to increased transport charges and renewed inflationary pressures on the Ghanaian economy.

Government officials say they will continue monitoring developments on the international oil market and adjust policy measures where necessary to balance consumer protection with fiscal sustainability.