President John Dramani Mahama has directed a GH¢2.00 reduction in the regulatory margin on diesel for one month, a temporary intervention the Presidency says is meant to cushion consumers after the National Petroleum Authority (NPA) raised price floors, driving diesel costs to some of their highest levels in months.
In a statement signed by Felix Kwakye Ofosu, Spokesperson to the President and Minister for Government Communications, the Presidency said the directive follows a decision of Cabinet and builds on “the successful intervention implemented in April 2026.”
The reduction takes effect Tuesday, August 4, 2026, and will remain in force for one month “unless otherwise reviewed by Government.”
“This temporary intervention is intended to cushion consumers, prevent transport fare hikes, contain inflationary pressures, and mitigate the pass-through effect of higher fuel prices on the cost of living,” the statement said.
The directive comes two days after the NPA raised its diesel price floor to GH¢16.97 per litre for the first pricing window of August, up from GH¢14.35 in the second window of July. That followed an earlier rise from GH¢13.54 to GH¢14.35 in mid July a 6.0 percent increase.
The NPA has attributed the succession of increases to rising international crude and refined product prices, driven by renewed geopolitical tensions involving the United States and Iran.
The statement also said government “will continue to monitor developments in the international energy market closely and take additional policy measures, where necessary, to protect the interests of the Ghanaian people and sustain economic recovery.”