The government has extended its intervention to absorb GH¢2 on every litre of diesel for the September fuel pricing window, Chief Executive Officer of the National Petroleum Authority (NPA), Godwin Edudzi Tameklo, has disclosed.
The intervention, which was initially announced on August 4, 2026, was introduced to cushion consumers from rising fuel prices and was originally expected to last for one month.
However, following an assessment of the impact of fuel price increases, the government has decided to extend the measure through the September pricing window.
Speaking on TV3’s Daily Brief on Tuesday, September 1, Mr Tameklo explained that without the government’s intervention, diesel could have been selling at about GH¢20 per litre at the pump.
He said the government’s absorption of GH¢2 has helped keep the current price at around GH¢18 per litre.
“But then again, government has intervened for this window that GH¢2 be taken off and that is why you have diesel for almost GH¢18,” he said.
According to the NPA CEO, the intervention has become necessary largely due to increases in Free-On-Board (FOB) prices, which have contributed to higher petroleum product prices.
Mr Tameklo said the government’s impact assessment showed that diesel consumers were being affected more significantly, prompting the decision to maintain the intervention specifically for the product.
He, however, indicated that the government could extend the support to other petroleum products if further assessments show that such an intervention is necessary.
“We have done some impact assessment and the impact is more on diesel and that is why we have taken this policy direction for the time being. If we do further assessment and it becomes necessary that it should run across board, that decision will be taken,” he explained.
The extension is expected to provide some relief to diesel consumers and businesses as the government continues to monitor developments in the international petroleum market and their impact on prices at the pumps.
