The Government has continued its fuel price intervention policy but has reduced the level of support provided to diesel consumers as the initial one-month subsidy window comes to an end.
The development follows an earlier intervention announced in April 2026, under which government absorbed part of the cost of petroleum products to cushion consumers from rising global prices. That measure, which took effect from April 16, 2026, saw government absorbing GHS2.00 per litre on diesel and GHS0.36 per litre on petrol for a period of one month.
The temporary support, introduced in response to elevated international oil prices driven by geopolitical tensions, officially expired on May 15, 2026.
Following a review, the Ministry of Energy and Green Transition has now announced a continuation of the intervention, but at a reduced level. Effective May 16, 2026, government will absorb GHS1.07 per litre of diesel, representing a significant reduction from the previous support level.
The Ministry stated that, “This decision is necessary to ensure sustainable distribution of petroleum products across the country while continuing to provide relief to consumers.”
However, the earlier petrol subsidy has been discontinued with the end of the initial intervention period.
Officials say the revised arrangement is aimed at maintaining relief for consumers while ensuring the sustainability of petroleum product distribution and limiting fiscal pressure.
The new diesel support will run for two pricing windows, after which it will be reviewed based on market conditions.
The Ministry reiterated that government remains committed to cushioning consumers from global fuel price volatility while balancing long-term fiscal considerations.
