The price of diesel at fuel stations could have reached about GH¢28 per litre if the government had not intervened to absorb part of the increase in international petroleum prices, National Petroleum Authority (NPA) Chief Executive Officer Godwin Edudzi Tameklo has said.
Mr Tameklo said international diesel prices had risen substantially since February 2026, placing significant pressure on domestic fuel prices.
He said the price of a tonne of diesel on the international market had increased from about US$794 in February to US$1,519, meaning consumers could have faced much higher pump prices if the full increase had been passed on.
Speaking on Wednesday, September 16, he said the government had spent close to GH¢1 billion on interventions intended to cushion consumers from rising petroleum prices.
According to him, the support was reducing the amount motorists would otherwise pay at the pump. He said a person purchasing 10 litres of diesel was receiving about GH¢20 in government support.
“I need to point out that for the intervention from government, a litre of diesel should be selling within the region of GH¢28 per litre,” Mr Tameklo said.
He added that the intervention was intended to prevent the full impact of rising international prices from being transferred to consumers, particularly given the potential effects of higher fuel costs on transportation and the prices of goods and services.
Aikines Anyomi
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