President John Dramani Mahama has directed a reduction of ₵2 in the price of diesel per litre as part of measures to cushion consumers and contain rising cost pressures.
The directive, issued in line with a decision by Cabinet, will see the regulatory margin on diesel reduced by ₵2 per litre for a period of one month.
According to a statement from the Presidency on Monday, August 3, 2026, the intervention is aimed at preventing transport fare increases, reducing inflationary pressures, and mitigating the impact of higher fuel prices on the cost of living.
“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 reduction takes effect from Tuesday, August 4, 2026, and will remain in force for one month unless reviewed by the government.
The Presidency explained that the move follows a similar intervention implemented in April 2026, as government continues to respond to developments in the international energy market and their impact on domestic fuel price.
Government said it will continue to monitor trends in the global energy market and introduce additional policy measures where necessary to protect consumers and sustain economic recovery.
The statement was signed by Felix Kwakye Ofosu, Spokesperson to the President and Minister for Government Communications.
The latest intervention comes amid concerns over rising fuel prices and their impact on transportation costs, inflation, and household expenditure.