The government has extended its GH¢2 per litre reduction in the regulatory margin on diesel into the first pricing window of September, in a move aimed at cushioning consumers from rising fuel prices.
The intervention, which was initially introduced as a temporary measure covering two pricing windows, was due to expire at the end of August.
However, the government has decided to maintain the reduction for at least one additional pricing window, preventing the full regulatory margin from being restored to the price of diesel.
The decision follows concerns over a possible increase in diesel prices at the pumps in the latest pricing window, amid elevated international crude oil prices.
Diesel is currently selling at around GH¢17 per litre at most Oil Marketing Companies (OMCs).
The extension is expected to provide some relief to motorists, commercial transport operators and businesses that depend heavily on diesel, particularly those facing rising operating and transportation costs.
Third fuel price intervention
The government introduced the GH¢2 reduction on August 4, 2026, following a surge in international crude oil prices that threatened to push domestic fuel prices higher.
The latest extension represents the third intervention by the government to cushion consumers against rising fuel prices.
By maintaining the reduction into September, the government is effectively absorbing part of the regulatory margin that would otherwise have been reflected in the pump price of diesel.
The measure is expected to help moderate the impact of international oil price pressures on domestic fuel prices, while providing temporary relief to households, transport operators and businesses.
The government’s intervention comes at a time when movements in global crude oil prices, the exchange rate and other market fundamentals continue to influence fuel prices on the domestic market.
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