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Government absorbs GHS1.07 on diesel prices for next two pricing windows

The government has extended its intervention on fuel prices by absorbing part of the cost of diesel to cushion consumers against rising global petroleum prices.

In a statement issued by the Ministry of Energy and Green Transition, the government said it would absorb GHS1.07 per litre on diesel effective 16th May 2026.

The decision follows an earlier temporary intervention introduced on 16th April 2026, under which the government absorbed GHS2.00 per litre on diesel and GHS0.36 per litre on petrol. That measure ended on 15 May 2026.

According to the ministry, the latest intervention was approved after a Cabinet meeting chaired by President John Dramani Mahama reviewed developments on the international petroleum market.

The statement said the intervention was necessary to ensure the sustainable distribution of petroleum products across the country while continuing to provide relief to consumers affected by rising global fuel prices linked to geopolitical tensions.

The ministry said the new arrangement is expected to remain in force for two pricing windows, subject to further review.

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