The Minister for Energy and Green Transition, John Abdulai Jinapor, says the government has begun engaging the National Petroleum Authority (NPA) and key stakeholders to ensure the smooth implementation of the GH¢2.00 per litre reduction in diesel prices announced by President John Dramani Mahama.
In a Facebook post, Mr. Jinapor said the engagement follows a directive from President Mahama aimed at cushioning consumers from the high cost of diesel.
According to the minister, the relief measure will take effect throughout August 2026 and is expected to provide temporary financial relief to commercial drivers, transport operators, businesses and other consumers who rely heavily on diesel.
He explained that the intervention is a one-month measure and will be reviewed before the end of August, with government considering prevailing market conditions and other relevant factors in deciding whether to extend, modify or discontinue the policy.
Mr. Jinapor noted that discussions with the NPA and industry stakeholders focused on the practical implementation of the directive to ensure the reduction is applied effectively while maintaining stability within the downstream petroleum sector.
He said the intervention reflects the government’s commitment to easing the financial burden on consumers without disrupting the petroleum market.
“We will continue to monitor developments closely and take pragmatic decisions that protect the interests of consumers while safeguarding the stability of the downstream petroleum sector,” the minister stated.
The engagement comes a day after the National Petroleum Authority announced that motorists would benefit from a GH¢2.00 per litre reduction in diesel prices, following the President’s directive to reduce the regulatory margin on diesel for one month.
The government says the measure forms part of broader efforts to reduce the cost of living, support businesses that depend on diesel-powered operations, and lessen transport costs amid evolving economic conditions.
CREDIT: MAVIS FANTEVI