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

The government has announced a one-month intervention to cushion consumers against rising fuel prices, amid increasing volatility on the global petroleum market.

In a statement issued by the Presidency Communications Office on April 15, 2026, the government said it will absorb part of the cost of petroleum products during the next pricing window.

Effective April 16, 2026, the government will absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol. The move is aimed at easing the burden on households, transport operators, and businesses already grappling with rising living costs.

The statement, signed by Felix Kwakye Ofosu, indicated that the decision was approved by Cabinet in response to sustained increases in global petroleum prices, which have significantly pushed up ex-pump prices in Ghana.

“This intervention is intended to cushion consumers and ease the cost burden on households, transport operators, and businesses,” the statement noted.

The government explained that the measure will remain in force for a period of one month, during which authorities will continue to monitor developments on the international oil market.

Officials say the intervention is temporary and subject to review, depending on global price trends and their impact on the domestic market.

During the period, the government is expected to assess whether further policy adjustments will be required to stabilise prices and protect consumers.

The statement emphasised that the move forms part of broader efforts to maintain economic stability and shield livelihoods from external shocks.

“Government remains committed to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks,” it added.

The announcement comes at a time when fuel price increases have triggered concerns among commuters and businesses, with transport fares and operational costs rising in recent weeks.

People have said that the intervention would provide short-term relief, particularly for transport operators, while helping to moderate inflationary pressures linked to fuel costs.