Wednesday, 15 April

Government to absorb ¢2 per litre on diesel, ¢0.36 on petrol for a month

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Fuel pumps

The Government of Ghana has announced temporary measures to cushion consumers against rising petroleum prices driven by global market volatility.

In a statement issued on Wednesday, April 15, 2026, the Presidency Communications Office said that effective April 16, 2026—the next fuel pricing window—the government will absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol.

According to the statement, the intervention is aimed at easing the financial burden on households, transport operators, and businesses that have been affected by the recent surge in fuel prices.

The decision, which has received Cabinet approval, comes in response to increasing international petroleum prices that have significantly impacted ex-pump prices in Ghana.

Officials indicated that the measure is temporary and will remain in effect for one month. During this period, the government will closely monitor developments in the global oil market and determine whether further policy adjustments will be necessary.

The government reaffirmed its commitment to maintaining price stability, safeguarding livelihoods, and supporting the country’s economic recovery amid ongoing external shocks.

The statement was signed by Felix Kwakye Ofosu, Minister for Government Communications and Spokesperson to the President.

Source: classfmonline.com