President John Dramani Mahama has directed a temporary reduction of GH¢2.00 per litre in the regulatory margin on diesel as part of the government’s latest intervention to cushion consumers against rising fuel prices.
The directive, announced by the Presidency on Monday, August 3, 2026, follows a Cabinet decision and is expected to take effect from Tuesday, August 4, 2026, for an initial period of one month unless reviewed.
According to a statement signed by the Spokesperson to the President and Minister for Government Communications, Felix Kwakye Ofosu, the measure is designed to lessen the burden of increasing fuel costs on households, businesses and transport operators.
“The President has directed that in line with the decision of Cabinet and the successful intervention implemented in April 2026, the regulatory margin on diesel be reduced by GH¢2.00 per litre for one (1) month,” the statement said.
The Presidency explained that the temporary reduction aims to prevent further increases in transport fares, help contain inflation and minimise the impact of higher fuel prices on the overall cost of living.
The intervention comes amid sustained increases in petroleum product prices driven by developments in the international energy market.
Government believes lowering the regulatory margin on diesel will provide immediate relief to consumers while supporting ongoing efforts to maintain economic stability.
The announcement follows significant upward adjustments in fuel prices by Oil Marketing Companies (OMCs) during the first pricing window of August.
At several filling stations across the country, diesel prices are approaching GH¢20.00 per litre, while petrol prices have risen above GH¢15.00 per litre, intensifying pressure on transport operators, businesses and households.
The rising cost of fuel has also heightened concerns over possible increases in transport fares and the broader impact on inflation and the cost of essential goods and services.
The Presidency indicated that the government will continue to closely monitor developments in the international energy market and implement additional interventions if necessary.
According to the statement, the objective is to shield consumers from excessive fuel price shocks while sustaining Ghana’s economic recovery.
