The government is expected to lose about GH¢200 million in revenue following its decision to reduce fuel prices as part of efforts to ease the cost of living for Ghanaians, the Ministry of Energy has said.

Spokesperson for the ministry, Richmond Rockson, disclosed the figure on Eyewitness News on Wednesday, April 15, noting that the intervention comes amid rising global petroleum prices driven largely by geopolitical tensions in the Middle East.

He explained that the upward trend in international oil prices has increased pressure on domestic fuel costs, prompting government intervention to cushion consumers.

“This will lead to a net loss of about GH¢200 million that could have accrued to the government, but it is a necessary sacrifice to bring relief to the people of Ghana,” he said.

Under the new measures, which take effect from April 16, 2026, government will absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol within the next pricing window.

The temporary reduction is aimed at easing the financial burden on households, transport operators, and businesses, particularly as fuel prices have seen upward adjustments in recent weeks.

Approved by Cabinet, the intervention will run for one month, during which authorities are expected to monitor developments on the global oil market and decide on possible further adjustments.

A statement from the Presidency on Wednesday reaffirmed government’s commitment to price stability, livelihood protection, and economic recovery amid external economic pressures.