Diesel prices at fuel stations could have climbed to about GH¢28 per litre if the government had not intervened to cushion consumers against surging international petroleum prices, Chief Executive Officer of the National Petroleum Authority (NPA), Godwin Edudzi Tameklo, has disclosed.
Mr Tameklo said the sharp rise in global diesel prices since February 2026 had placed significant pressure on the domestic fuel market, making government intervention necessary to prevent the full cost from being passed on to consumers.
He explained that the international price of diesel had nearly doubled over the period, rising from about US$794 per tonne in February to US$1,519.
Speaking on Accra-based Citi FM, Mr Tameklo said the government had so far committed close to GH¢1 billion to interventions aimed at cushioning consumers from the rising cost of petroleum products.
He said the support was effectively reducing the amount motorists pay at the pump, with consumers receiving about GH¢20 in support when purchasing 10 litres of diesel.
“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 said without the intervention, the increase in international petroleum prices would have translated into significantly higher domestic fuel prices.
Mr Tameklo further noted that such an increase could have wider economic implications, particularly for transportation and the prices of goods and services.
The intervention, he said, was therefore intended to shield consumers from the immediate impact of the surge in global petroleum prices.
