The Government of Ghana has revised its fuel price relief measures by removing the 36-pesewa subsidy on petrol and reducing diesel support from GH¢2 to GH¢1.07 per litre for the second pricing window beginning May 16, 2026.
In a statement signed by Mr. Richmond Rockson Esq. of the Ministry of Energy and Green Transition, the government said the decision followed a Cabinet meeting chaired by President John Dramani Mahama to assess rising global crude oil prices and their impact on local fuel costs.
According to the statement, the revised intervention will remain in effect for two pricing windows, subject to further review depending on developments in the international oil market.
The government stated that it will continue monitoring global fuel price trends while balancing consumer protection measures with fiscal sustainability.
The adjustment is expected to increase pump prices across the country. Price floors released by the National Petroleum Authority (NPA) show petrol rising to GH¢14.60 per litre, diesel to GH¢15.81 per litre, and LPG to GH¢13.16 per kilogram for the second pricing window in May.
This compares with the first pricing window of May, when petrol sold at GH¢13.25 per litre, diesel at GH¢14.30 per litre, and LPG at GH¢13.02 per kilogram.
Petrol prices increased by GH¢1.35 per litre, while diesel recorded the sharpest rise of GH¢1.51 per litre. LPG prices also climbed by 14 pesewas per kilogram.
The NPA explained that the published price floors exclude international trading premiums, bulk import and distribution margins, as well as marketers’ and dealers’ margins.
Under the Petroleum Products Pricing Guidelines, oil marketing companies and LPG marketing companies are required to comply with the approved minimum prices for each pricing window.