The government’s GH¢2.00 per litre reduction in diesel prices has taken effect, with several Oil Marketing Companies (OMCs) announcing revised pump prices in line with the intervention.
The temporary measure, directed by President John Dramani Mahama, came into effect on Tuesday, August 4, 2026, and is expected to run for one month as part of efforts to cushion consumers against rising fuel costs and ease pressure on transport fares and inflation.
The National Petroleum Authority (NPA) revised its ex-pump price floors for the first pricing window of August (August 4–15), reducing diesel by 11.8 percent from GH¢16.97 to GH¢14.97 per litre.
Petrol remains at a floor price of GH¢14.53 per litre, while Liquefied Petroleum Gas (LPG) stays unchanged at GH¢11.06 per kilogramme.
Following the directive, some OMCs have announced new retail prices.
Star Oil has reduced the price of Super petrol to GH¢14.53 per litre, while diesel now sells at GH¢16.97 per litre. Its RON 95 fuel remains unchanged at GH¢17.77 per litre.
GOIL has revised its prices to GH¢15.99 per litre for Super XP and GH¢17.26 per litre for Diesel XP. Its premium Super XP 95 now sells at GH¢17.77 per litre.
JP Fuel has also announced revised prices, selling regular petrol at GH¢14.38 per litre, while its Suprema fuel, which includes a performance additive, is priced at GH¢14.53 per litre.
The government says the diesel relief is intended to reduce operating costs for commercial transport operators and businesses that rely heavily on diesel, with the expectation that it will help moderate transport fares and stabilize the prices of goods.
Officials say the intervention will be reviewed after one month, taking into account developments in global oil markets and their impact on domestic fuel prices.
CREDIT: MAVIS FANTEVI