The Government has revised its fuel price intervention programme, extending diesel support for a further two pricing windows following the expiry of its initial one-month relief package.
The earlier intervention, which ran from April 16th to May, 15th 2026, saw government absorbing GHS2.00 per litre on diesel and GHS0.36 per litre on petrol to cushion consumers from rising fuel prices. The measure ended on May, 15th 2026, after the one-month policy period elapsed.
Under the revised framework effective May, 16th 2026, government will continue to support diesel at a reduced rate of GHS1.07 per litre. Petrol is not included in the new arrangement, indicating the end of support for petrol following the expiry of the initial intervention period.
According to the Ministry of Energy and Green Transition, “This decision is necessary to ensure sustainable distribution of petroleum products across the country while continuing to provide relief to consumers.”
The revised intervention will run for two pricing windows, after which it will be reviewed based on prevailing domestic conditions and fiscal considerations.
In the broader global energy market, Brent rose to 109.24 USD/Bbl on May 15, 2026, up 3.33% from the previous day. The increase reflects ongoing volatility in international oil markets, where supply conditions remain tight.
Tanker flows through the Strait of Hormuz, a key route for global crude shipments, have been significantly disrupted due to geopolitical tensions, limiting exports from major producers in the Persian Gulf. Energy analysts note that restricted shipping activity has contributed to heightened uncertainty in global supply chains.
The International Energy Agency (IEA) has also cautioned that global oil markets could remain undersupplied until at least October, even if disruptions ease in the near term, as inventories continue to tighten and supply adjustments lag demand.
