President John Dramani Mahama has directed the National Petroleum Authority (NPA) to reduce the regulatory margin on diesel by GH¢2 per litre for one month, in response to recent increases in fuel prices.
The measure will come into force on Tuesday, 4 August 2026, according to the NPA’s Chief Executive Officer, Godwin Edudzi Tameklo.
Mr Tameklo announced the directive on Monday and said the authority had been instructed to begin the process immediately.
“President John Dramani Mahama has directed that the NPA takes steps to absorb Ghc 2 on every litre of diesel to cushion the impact of recent fuel price increases.
“Further demonstration of the President’s care for the ordinary citizen,” he wrote on Facebook.
Speaking later in an interview with News Central on TV3, also on Monday, Mr Tameklo confirmed that the reduction would take effect “immediately tomorrow.”
The Minister of Government Communications, Felix Kwakye Ofosu, subsequently clarified that the intervention would last for one month.
“His Excellency the President has directed that in line with the decision of Cabinet and the successful intervention implemented in April 2026, the regulatory margin on diesel be reduced by GHS 2.00 per litre for one month.
“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.
“This directive shall take effect from Tuesday, 4 August 2026, and shall remain in force for one month, unless otherwise reviewed by Government.
“The 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.”
The announcement follows upward revisions by several oil marketing companies on Monday, with some retailers changing their prices more than once during the first pricing window of August.
Star Oil has adjusted its prices twice since the start of the window. Petrol is now being sold at GH¢15.57 per litre, compared with GH¢14.53 at the beginning of the period.
The company’s diesel price has risen to GH¢18.97 per litre from GH¢18.77. Star Oil said the changes reflected movements in international petroleum product prices, the prevailing exchange rate and the latest revision to the NPA’s price floor.
Prices also vary across other major fuel retailers.
At state-owned GOIL outlets, petrol costs GH¢15.99 per litre and diesel is priced at GH¢19.26. Super XP 95 is being sold at GH¢17.30 per litre.
Shell outlets are selling petrol at GH¢16.29 per litre, while diesel costs GH¢19.49.
At TotalEnergies outlets, petrol is priced at GH¢14.99 per litre and diesel at GH¢17.98.
The government says the temporary reduction is intended to limit the effect of higher fuel costs on consumers, help prevent increases in transport fares and reduce inflationary pressure. It also said it would continue monitoring international energy market developments before deciding whether further measures were required.
