President John Dramani Mahama has directed a GH¢2 reduction in the regulatory margin on diesel for one month, following a decision by Cabinet to cushion consumers against rising fuel prices.
The directive, announced by the Presidency on Monday, August 3, 2026, will take effect from Tuesday, August 4, and remain in force for one month unless reviewed earlier by the government.
According to the statement signed by Felix Kwakye Ofosu, Spokesperson to the President and Minister for Government Communications, the intervention is in line with a similar measure implemented in April 2026.
“His Excellency the President has directed that in line with the decision of Cabinet and the successful intervention implemented in April 2026, the regulatory margin on diesel be reduced by GHS 2.00 per litre for one (1) month,” the statement said.
The measure comes after a sharp increase in fuel prices at the beginning of the August pricing window, with diesel recording the steepest rise among the major petroleum products.
The government said the reduction is intended to ease the impact of higher diesel prices on consumers and businesses, particularly the transport sector.
“This temporary intervention is intended to cushion consumers, prevent transport fare hikes, contain inflationary pressures, and mitigate the pass-through effect of higher fuel prices on the cost of living,” the statement said.
The latest intervention is expected to provide some relief to motorists and transport operators at a time when higher fuel costs have raised concerns about increases in transport fares and their potential impact on inflation.
The government, however, indicated that the measure is temporary and subject to review depending on developments in the energy market.
“The Government will continue to monitor developments in the international energy market closely and take additional policy measures, where necessary, to protect the interests of the Ghanaian people and sustain economic recovery,” it said.
The announcement follows significant upward adjustments in pump prices by some Oil Marketing Companies (OMCs) at the start of August, driven largely by movements in international crude oil prices and the exchange rate.
