The government has introduced a new measure on petroleum pricing, focusing on diesel, aimed at protecting consumers from increasing global fuel costs linked to geopolitical tensions.
After a Cabinet meeting chaired by President John Dramani Mahama, the Ministry of Energy and Green Transition announced that the government will subsidize diesel by GHS 1.07 per litre.
The policy is scheduled to commence on May 16, 2026, and will run for two pricing windows, after which it may be reviewed.
The new policy comes after a previous one-month intervention ended on May 15, 2026. That earlier arrangement, which started on April 16, saw the government absorb GHS 2.00 per litre of diesel and GHS 0.36 per litre of petrol.
Although the current support is mainly directed at diesel, Richmond Rockson, Spokesperson and Head of Communication at the Ministry, noted that the move is crucial for ensuring the “sustainable distribution of petroleum products across the country while continuing to provide relief to consumers”.
