Government has announced that it will absorb 36 pesewas on the price of petrol and GHC2.00 on diesel effective April 16.
Accordingly, petrol will sell at GHC0.36 less while price of diesel will be GHC2.00 less.
“Government Announces Temporary Measures to Mitigate Petroleum Price Increases Amid Global Market Volatility 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,” a statement signed by Government Spokesperson, Felix Kwakye Ofosu stated.
The statement dated April 15 indicated that, “This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses.”
The measure, approved by Cabinet, is in response to rising prices of petroleum products on the international market, which have significantly impacted ex-pump prices in Ghana.
“This temporary intervention will remain in force for a period of one (1) month. During this period, Government will continue to closely monitor developments in the global oil market and assess the need for further policy adjustments,” Mr Ofosu said.
He assured that Government remains committed to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks.
Source:3news.com
