President John Dramani Mahama has directed the National Petroleum Authority (NPA) to absorb GH¢2 on every litre of diesel as part of government measures aimed at cushioning consumers against the recent surge in fuel prices.
The intervention, which takes effect from Tuesday, August 4, 2026, is expected to reduce the financial burden on Ghanaians, particularly commercial transport operators, businesses, and industries that rely heavily on diesel for their daily operations.
The directive comes amid rising fuel prices triggered by increasing global crude oil prices and fluctuations in the international refined petroleum market. Recent pricing windows have seen oil marketing companies adjust pump prices upward, placing additional pressure on households and businesses already grappling with the rising cost of living.
Diesel prices have recorded some of the sharpest increases in recent weeks, prompting concerns from transport operators, manufacturers, traders, and consumers over the potential impact on transportation fares, food prices, and overall inflation.
Government believes the GH¢2 per litre intervention will help ease these pressures by reducing operational costs for businesses and stabilizing transport-related expenses across the country.
Officials say the measure forms part of the Mahama administration’s broader commitment to protecting citizens from external economic shocks while sustaining Ghana’s economic recovery efforts.
The government has also assured the public that it will continue to closely monitor developments in the international energy market and introduce additional policy interventions where necessary to safeguard the interests of Ghanaians.
The latest move underscores President Mahama’s commitment to implementing practical measures to ease the cost-of-living burden and support economic stability amid ongoing global energy market uncertainties.
