Government has officially scrapped the remaining diesel fuel price relief of GH¢1.07 per litre ahead of the second pricing window of June, which takes effect on June 16.
The decision brings to an end all temporary fuel price interventions introduced to cushion consumers and businesses from rising petroleum prices triggered by tensions in the Middle East.
Under the relief measures announced ahead of the second pricing window of April, government absorbed GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol. The intervention was initially expected to run for one month.
However, ahead of the second pricing window of May, the government withdrew the petrol relief while reducing the diesel support from GH¢2.00 per litre to GH¢1.07 per litre.
At the time, government explained that the adjustment was necessary to ensure the sustainable distribution of petroleum products while still offering some cushioning to consumers.
The revised diesel relief was later maintained for two pricing windows, subject to review, but has now been fully discontinued, according to sources cited by Citi Business News.
The development comes as consumers are set to benefit from a projected drop in fuel prices in the upcoming pricing window. Petrol prices are expected to decline by 9.3%, while diesel is projected to fall by 1.7%.
According to the Chamber of Oil Marketing Companies (COMAC), the expected reductions are largely driven by a sharp fall in international refined petroleum product prices — the steepest recorded since the start of 2026.
COMAC noted, however, that the impact on diesel prices may be limited due to the removal of the government-industry intervention mechanism.
It also indicated that LPG prices remain constrained by existing tender arrangements that have locked in supply costs.
Meanwhile, crude oil prices continue to trend downward on the international market following reports of a framework agreement between Iran and the United States aimed at easing geopolitical tensions in the Middle East.
U.S. President Donald Trump has signalled progress toward a deal, easing concerns over potential supply disruptions and contributing to the recent decline in global oil prices.
For import-dependent economies such as Ghana, continued progress toward a U.S.–Iran agreement could further ease domestic fuel prices as international crude and refined product costs decline.