A coalition of policy think tanks, including IMANI Africa, Chamber of Petroleum Consumers (COPEC), INSTEPR, and the Institute for Energy Security (IES), has proposed a GH¢1.65 reduction in the petroleum price build-up.

The proposal is aimed at providing immediate relief to consumers facing high fuel costs.

It follows a directive by President John Dramani Mahama for the Ministry of Energy and the Ministry of Finance to review taxes, margins, and levies within the petroleum pricing structure.

In a joint statement issued on April 14, 2026, the groups recommended that the reduction should be maintained for two months, instead of the four weeks initially proposed by the government, after which it can be reviewed based on global market conditions.

They said the measure would not place significant strain on the country’s finances, citing expected revenue from crude oil exports.

The coalition also called for broader reforms, including a review and possible removal of certain taxes and levies, the establishment of a Strategic Reserve Fund to stabilise fuel supply during price fluctuations, and increased investment in the Tema Oil Refinery (TOR) to boost local refining capacity.