President John Dramani Mahama has directed the National Petroleum Authority (NPA) to take steps to absorb GH¢2 on every litre of diesel in a move aimed at cushioning consumers following recent fuel price increases.
The Chief Executive Officer of the NPA, Godwin Edudzi Tameklo, announced that the Mahama diesel price reduction directive takes effect from Tuesday, August 4, 2026.
“President John Dramani Mahama has directed that the NPA takes steps to absorb GH¢2 on every litre of diesel to cushion the impact of recent fuel price increases,” he wrote on Facebook.
“Further demonstration of the President’s care for the ordinary citizen,” he added.
In a separate statement, Minister of Government Communications Felix Kwakye Ofosu said the new directive would remain in place for one month.
“His Excellency 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 month,” he stated.
According to the minister, the temporary intervention is intended to cushion consumers, prevent transport fare hikes, contain inflationary pressures and mitigate the pass-through effect of higher fuel prices on the cost of living.
The directive takes effect from Tuesday, August 4, 2026, and will remain in force for one month unless otherwise reviewed by the government.
“The Government will continue to monitor developments in the international energy market closely and take additional policy measures, where necessary, to protect the interests of the Ghanaian people and sustain economic recovery,” Mr Kwakye Ofosu said.
The announcement comes after some Oil Marketing Companies (OMCs) revised their fuel prices in Ghana upwards on Monday.
Star Oil, for instance, has revised its fuel prices twice since the beginning of the first pricing window of August.
Petrol is currently selling at GH¢15.57 per litre, up from GH¢14.53 at the start of the pricing window. Diesel is selling at GH¢18.97 per litre, compared with GH¢18.77 at the beginning of the window.
The Oil Marketing Company said the revisions reflect changes in international petroleum product prices, the prevailing exchange rate and the latest adjustment to the NPA’s price floor.
At state-owned GOIL outlets, petrol is selling at GH¢15.99 per litre, while diesel is priced at GH¢19.26 per litre. Super XP 95 is selling at GH¢17.30 per litre.
At Shell outlets, petrol is selling at GH¢16.29 per litre, while diesel is priced at GH¢19.49.
At TotalEnergies outlets, petrol is selling at GH¢14.99 per litre, with diesel selling at GH¢17.98 per litre.
The government is expected to monitor developments in the international energy market during the one-month intervention as it seeks to cushion consumers from rising diesel prices in Ghana and limit the impact of fuel price increases on transportation costs and household expenses.
3news