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Gov’t extends fuel subsidy but reduces diesel support to GHS1.07/l

by The Sikaman Times
May 16, 2026
Gov’t extends fuel subsidy but reduces diesel support to GHS1.07/l
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The Government of Ghana has announced a continuation of its intervention in fuel pricing to shield consumers from rising global petroleum costs. 

The decision follows a review of the international petroleum market and comes as part of ongoing measures to cushion Ghanaians at the pumps.

A cabinet meeting chaired by His Excellency President John Dramani Mahama reviewed market developments and approved the temporary extension. The intervention, effective 16 May 2026, will see the government absorb GHS1.07 per litre on diesel, ensuring continued relief for consumers.

This latest move builds on an earlier intervention that ran from 16 April to 15 May 2026, during which the government absorbed GHS2.00 per litre on diesel and GHS0.36 per litre on petrol. The initial measure was aimed at mitigating the impact of rising fuel prices driven by geopolitical tensions in global markets.

Richmond Rockson, Esq., spokesperson and head of communication at the Ministry of Energy and Green Transition, emphasized that the decision is critical to maintaining the sustainable distribution of petroleum products nationwide while providing relief to households and businesses.

“This intervention is expected to last for a period of two pricing-windows and will be subject to further review,” the Ministry said.

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