Government has announced a reduction in fuel prices as part of a temporary intervention aimed at easing the burden on households and businesses, while assuring that the cost of the measure will not be passed on to consumers.

The intervention, approved by Cabinet and taking effect from Thursday, April 16, will see a GHS2.00 per litre reduction in diesel prices and a 36 pesewa cut in petrol prices.

The measure is expected to run for one month, covering the second pricing window of April.

According to the Ministry of Energy and Green Transition, the move forms part of broader efforts to stabilise the downstream petroleum market and shield consumers from fluctuations in global oil prices.

Speaking on Accra-based Citi FM, the Ministry’s spokesperson, Richmond Rockson, emphasised that the intervention would not lead to any future cost recovery from the public.

He explained that the government is absorbing the financial impact of the price cuts as a deliberate policy choice to provide relief, stressing that consumers would not be asked to repay the benefits at a later stage.

Mr. Rockson added that the intervention is part of a series of measures by the administration to mitigate economic pressures, with authorities closely monitoring global oil market trends ahead of the next pricing window in May.

However, despite the short-term relief, some policy analysts have raised concerns about the potential fiscal implications of such interventions.

Tax experts have cautioned that if not carefully managed, the policy could place additional strain on government finances and may require adjustments in the future.