President John Dramani Mahama has directed a GH¢2.00 per litre reduction in the regulatory margin on diesel as part of measures to cushion consumers against rising fuel prices.
The reduction takes effect from Tuesday, August 4, 2026, and will remain in place for one month, unless the government decides otherwise.
The directive was announced in a statement issued on Monday, August 3, by Minister for Government Communications and Presidential Spokesperson Felix Kwakye Ofosu.
According to the statement, the decision follows a directive from Cabinet to reduce the impact of rising fuel prices on consumers and the broader cost of living.
The temporary relief applies only to diesel. There is no corresponding reduction in the regulatory margin for petrol.
The government expects the intervention to help limit increases in commercial transport fares, ease inflationary pressures and provide some relief to households and businesses that rely heavily on diesel.
The move comes amid rising international fuel prices, partly driven by geopolitical tensions in the Middle East, as well as pressure on the Ghanaian cedi.
It is the second time the government has introduced measures to cushion consumers against elevated petroleum prices.
The government says it will continue to monitor developments in the international energy market and consider additional measures where necessary to protect consumers and support the ongoing economic recovery.
The immediate effect of the reduction on motorists and businesses, however, will depend on how quickly Oil Marketing Companies (OMCs) adjust their pump prices to reflect the GH¢2.00 reduction.
