The Government of Ghana has announced an extension of its temporary measure in petrol pricing, introducing a new subsidy of GHS 1.07 per litre on diesel starting Saturday, 16 May 2026.
The decision follows a cabinet meeting led by President John Dramani Mahama to review developments in the international oil market, which has been impacted by rising global prices caused by geopolitical tensions.
A press release issued by the Ministry of Energy and Green Transition on 15 May states that the new directive aims to ensure the stable distribution of petroleum products nationwide while continuing to offer financial relief at the pumps.
This current measure replaces a previous one-month intervention that expired on 15 May 2026.
Under the initial scheme introduced on 16 April 2026, the government subsidised GHS 2.00 per litre on diesel and GHS 0.36 per litre on petrol.
Unlike the earlier policy, the new relief specifically targets diesel and excludes petrol subsidies.
The Ministry notes that the revised intervention is expected to last for two pricing periods.
However, the government emphasised that the policy remains open to review, depending on international market conditions.
The official statement was signed and issued by Richmond Rockson, Esq., the Spokesperson and Head of Communication for the Ministry of Energy and Green Transition.
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