President John Dramani Mahama has directed a GH¢2.00 per litre reduction in the regulatory margin on diesel for one month to cushion consumers against rising fuel prices.
The directive, which takes effect on Tuesday, August 4, 2026, was announced in a statement issued by the Minister for Government Communications and Presidential Spokesperson, Felix Kwakye Ofosu.
According to the statement, the measure is intended to reduce the impact of rising fuel costs on the cost of living, help prevent increases in commercial transport fares, ease inflationary pressures and provide relief to businesses and households.
The temporary intervention applies only to diesel and will remain in force for one month unless reviewed. No reduction has been announced for petrol.
The move comes as several Oil Marketing Companies (OMCs) have increased fuel prices during the first pricing window of August, citing higher international fuel prices, exchange rate pressures and adjustments to the National Petroleum Authority’s pricing framework.
Government said it will continue to monitor developments in the global energy market and consider additional measures where necessary to protect consumers and support the country’s economic recovery.
