President John Dramani Mahama has directed a GH¢2.00 per litre reduction in the regulatory margin on diesel to cushion consumers against surging fuel pump prices, effective Tuesday, August 4, 2026.
The directive was confirmed in an official statement issued on Monday, August 3, 2026, by the Minister for Government Communications and Spokesperson to the President, Felix Kwakye Ofosu. According to the release, the decision was taken in line with Cabinet’s directive to mitigate the pass-through effect of rising fuel costs on the overall cost of living.
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Under the directive, the temporary price relief will apply strictly to diesel for one month, unless otherwise reviewed by the government. There is no corresponding subsidy or reduction for petrol.
The intervention aims to prevent commercial transport fare hikes, contain mounting inflationary pressures, and provide immediate financial relief to businesses and households.
This intervention marks the second time the government has stepped in to buffer the public against elevated petroleum prices driven by geopolitical tensions in the Middle East and persistent pressure on the cedi.
Source:Mybrytfmonlline.com
