The government has announced a reduction in fuel prices, introducing subsidies aimed at easing the financial burden on consumers. Under the new pricing measures, authorities will absorb GH¢2 on every litre of diesel and GH¢0.36 on petrol.

Set to take effect in the next pricing window, the move is aimed at providing relief to consumers and reducing cost pressures on households, transport operators, and businesses.

The Cabinet-approved intervention follows a surge in global petroleum prices, which has led to increased ex-pump prices in Ghana in recent weeks.

According to a statement released by the Presidency on Wednesday, April 15, the measure will be implemented for one month while authorities monitor international oil price trends and evaluate possible next steps.

The government reaffirmed its resolve to maintain price stability, protect livelihoods, and sustain economic recovery efforts in the face of external challenges.

Earlier, the coalition of leading Civil Society Organisations (CSOs) had proposed a significant reduction in fuel prices to cushion Ghanaians against the rising cost of petroleum products.

They urged the government to cut GH¢1.65 from the current petroleum price build-up as immediate relief for consumers grappling with high transport and energy costs.

The coalition, comprising IMANI Africa, Chamber of Petroleum Consumers (COPEC), INSTEPR, and the Institute for Energy Security, outlined a breakdown of the proposed reduction across multiple levies and margins embedded in the fuel pricing structure.

In a joint statement issued on April 14, 2026, the CSOs recommended that the reduction should be maintained for a minimum of two months, rather than the four-week period initially suggested by the government, to allow for more meaningful impact on households and businesses.

They argued that extending the relief period would provide greater stability and predictability in fuel pricing, particularly for transport operators and small businesses that are highly sensitive to fuel cost fluctuations.

Areas to cut taxes

According to the group, the proposed cuts include 24 pesewas from the Road Fund Levy, 50 pesewas from the Energy Fund Levy, 23 pesewas from the Special Petroleum Tax, six pesewas from the Bulk Oil Storage and Transportation (BOST) margin, four pesewas from the Fuel Marking Margin, 45 pesewas from the Unified Petroleum Pricing (UPP) margin, and 14 pesewas from the Primary Sector Recovery Levy (PSRL).

The proposal followed a directive by President John Dramani Mahama, who tasked the Ministries of Energy and Finance to review taxes, margins and levies within the petroleum pricing framework to ease the burden on consumers amid prevailing economic pressures.

The coalition further maintained that the proposed intervention would not unduly strain Ghana’s fiscal position, citing expected revenue inflows from crude oil exports as a buffer to absorb the temporary reduction in fuel-related taxes.

Beyond the immediate relief measures, the groups called for deeper structural reforms within the petroleum pricing regime.