HomeLocal NewsGov’t absorbs GH¢2.00 on diesel, GH¢0.36 on petrol to cushion price hikes

Gov’t absorbs GH¢2.00 on diesel, GH¢0.36 on petrol to cushion price hikes

The government has introduced temporary relief measures to cushion consumers against anticipated increases in petroleum prices amid global market volatility. Beginning Wednesday, April 16, 2026—the next pricing window—the state will absorb GH¢2.00 per litre of diesel and GH¢0.36 per litre of petrol. The Cabinet-approved intervention is aimed at easing the financial strain on households, transport operators, and businesses, following sustained rises in international crude oil prices that have impacted local pump prices.

In a statement issued by Presidential Spokesperson and Minister for Government Communications, Felix Kwakye Ofosu, the government explained that the measure is intended to stabilise prices in the short term while monitoring broader market trends. The relief will remain in place for one month, after which authorities will assess global developments to determine if further action is necessary.

“Government remains committed to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks,” the statement said. Authorities say the move is part of ongoing efforts to shield consumers from external shocks while maintaining macroeconomic stability as global energy markets remain unpredictable.

Source: Jonathan Adjei

Benjamin Mensah
Benjamin Mensahhttps://freshhope1.org
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