President Mahama orders GH¢2 reduction in diesel price for one month

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President Mahama orders GH¢2 reduction in diesel price for one month

President John Dramani Mahama has directed a reduction in the regulatory margin on diesel by GH¢2 per litre for one month, effective Tuesday, August 4

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President John Dramani Mahama has directed a reduction in the regulatory margin on diesel by GH¢2 per litre for one month, effective Tuesday, August 4, 2026.

According to a statement from the Presidency, the intervention follows a decision by Cabinet and is aimed at cushioning consumers amid rising fuel market pressures.

The temporary measure is expected to help prevent transport fare increases, contain inflationary pressures, and reduce the impact of higher fuel prices on the cost of living.

The Presidency said the government will continue to monitor developments in the international energy market and introduce further policy measures where necessary to protect consumers and sustain economic recovery.

The reduction will remain in force for one month unless reviewed by government.

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