Government has officially scrapped the remaining diesel fuel price relief of GH¢1.07 per litre ahead of the second pricing window of June, which takes effect on June 16.
The decision brings to an end all temporary fuel price interventions introduced to cushion consumers and businesses from rising petroleum prices triggered by tensions in the Middle East.
Under the relief measures announced ahead of the second pricing window of April, government absorbed GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol. The intervention was initially expected to remain in place for one month.
However, ahead of the second pricing window of May, government withdrew the petrol fuel price relief while reducing the diesel relief from GH¢2.00 per litre to GH¢1.07 per litre.
At the time, government said the adjustment was necessary to ensure the sustainable distribution of petroleum products while continuing to provide some support to consumers.
Government also indicated that the revised diesel intervention would remain in force for two pricing windows, subject to review.
Sources have confirmed to Citi Business News that the diesel fuel price relief measure has now fully ended.
The development comes as consumers prepare for another round of fuel price reductions. Petrol prices are projected to decline by 9.3%, while diesel prices are expected to fall by 1.7% during the second pricing window of June.
According to the latest pricing outlook by the Chamber of Oil Marketing Companies (COMAC), the anticipated reductions are being driven largely by a sharp decline in international refined petroleum product prices – the steepest recorded since the beginning of 2026.
COMAC noted that the impact on diesel prices is expected to be relatively modest due to the complete removal of the government-industry intervention mechanism.
It also indicated that LPG prices remain constrained by existing tender arrangements that have locked in supply costs.
Meanwhile, crude oil prices continue to trend lower on the international market following reports of a framework agreement between Iran and the United States aimed at easing tensions in the Middle East.
The development has raised expectations of the reopening of the Strait of Hormuz, a key global oil shipping route.
U.S. President Donald Trump has signaled progress toward a deal, helping to ease concerns over potential supply disruptions and contributing to the recent decline in global oil prices.
For import-dependent economies such as Ghana, sustained progress toward a U.S.-Iran agreement could provide further relief in domestic fuel pricing as international crude and refined product costs continue to moderate.
