Government announces reduction in fuel price as intervention takes effect April 16

Reduction in fuel price: The Government of Ghana has announced a reduction in the prices of petrol and diesel, set to take effect from April 16, 2026, as part of measures to cushion consumers against rising global fuel costs.

Under the new directive, petrol will see a reduction of GH¢0.36 per litre, while diesel prices will drop by GH¢2.00 per litre.

In a statement signed by Government Spokesperson Felix Kwakye Ofosu, the government indicated that it will temporarily absorb part of the cost of petroleum products to ease the financial burden on citizens.

“Effective April 16, 2026, which is the next pricing window, the Government will absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol,” the statement noted.

Cushioning households and businesses

According to the statement dated April 15, the intervention is aimed at reducing the impact of rising fuel prices on households, transport operators, and businesses across the country.

Fuel prices have been under pressure in recent weeks due to increases in global oil prices, which have translated into higher ex-pump prices locally.

“This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses,” the statement added.

Temporary measure amid global uncertainty

The government clarified that the price reduction is a temporary measure, approved by Cabinet, and will remain in effect for one month.

During this period, authorities will continue to monitor developments in the global oil market and assess whether further policy adjustments will be necessary.

“This temporary intervention will remain in force for a period of one (1) month,” Mr Kwakye Ofosu stated.

Reduction in fuel price: Commitment to economic stability

The government also reaffirmed its commitment to maintaining price stability and protecting livelihoods, especially in the face of ongoing global economic pressures.

The move is expected to bring some relief to consumers and businesses that have been grappling with increased transportation and operational costs linked to fuel price hikes.

“Government remains committed to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks,” the statement concluded.