President John Dramani Mahama has directed a GH¢2.00 per litre reduction in the regulatory margin on diesel as government moves to cushion consumers against rising fuel prices.
The temporary measure takes effect from Tuesday, August 4, 2026, and will remain in force for one month, unless reviewed earlier by government.
The directive was announced in a statement issued on Monday, August 3, by the Minister for Government Communications and Spokesperson to the President, Felix Kwakye Ofosu.
According to the statement, the decision follows a directive from Cabinet aimed at limiting the impact of rising fuel prices on households and businesses.
“The regulatory margin on diesel [is to] be reduced by GHS 2.00 per litre for one (1) month,” the statement said.
Government explained that the intervention is intended to prevent a further increase in transport fares while helping to contain inflationary pressures.
The statement added that the measure is also designed to “mitigate the pass-through effect of higher fuel prices on the cost of living.”
The latest intervention follows a similar measure implemented in April 2026, which the government described as successful in cushioning consumers from higher fuel costs.
The government said it would continue to monitor developments in the international energy market and introduce additional measures if necessary.
“The Government will continue to monitor developments in the international energy market closely and take additional policy measures, where necessary,” the statement noted.
