Motorists across Ghana will from today, Tuesday, August 4, 2026, pay GH¢2.00 less per litre of diesel following the implementation of a temporary government intervention aimed at easing the cost of transportation and reducing inflationary pressures.
The National Petroleum Authority (NPA) announced that it has directed all Oil Marketing Companies (OMCs) to immediately reduce the price of diesel by GH¢2.00 per litre in line with a directive from President John Dramani Mahama.
According to the NPA, the reduction takes effect immediately and will remain in force for one month.
The Authority said it has officially communicated the directive to fuel retailers nationwide and instructed them to adjust their pumps accordingly to ensure consumers benefit from the price reduction.
In a statement issued on Tuesday August 4, 2026, the NPA explained that the temporary reduction follows President Mahama’s decision to lower the regulatory margin on diesel by GH¢2.00 per litre for one month as part of measures to provide relief to Ghanaians.
The Authority noted that the intervention is expected to cushion motorists and businesses that rely heavily on diesel while helping to prevent increases in transport fares.
“The National Petroleum Authority has duly communicated the directive to oil marketing companies to adjust their pumps accordingly and begin the implementation from today,” the statement said.
The NPA further expressed confidence that the temporary measure would help moderate the cost of living by easing pressure on transport operators and businesses whose operations depend on diesel.
It added that the reduction is also intended to help contain inflationary pressures by limiting increases in transportation and logistics costs, which often contribute to rising prices of goods and services.
The move is expected to be welcomed by commercial drivers, transport operators, freight companies, farmers, manufacturers and other businesses that consume large volumes of diesel in their daily operations.
Lower diesel prices could also provide indirect relief to consumers if transport fares and the cost of moving goods remain stable during the one-month intervention.
The National Petroleum Authority encouraged the public to monitor fuel prices at retail stations and urged oil marketing companies to fully comply with the directive.
The Authority also advised the public to visit its official website for further updates and additional information regarding the implementation of the temporary diesel price reduction.
The one-month reduction forms part of the government’s broader efforts to lessen the financial burden on households and businesses while supporting economic stability amid prevailing market conditions.
CREDIT: MAVIS FANTEVI