The Presidency Communications has announced temporary measures to cushion consumers against rising petroleum prices driven by volatility on the global market.
In a statement issued Wednesday, the government said it will, effective April 16, absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol during the next pricing window. The intervention is aimed at easing the financial burden on households, transport operators, and businesses across Ghana.
According to the statement, the decision approved by Cabinet follows sustained increases in international petroleum prices, which have significantly pushed up ex-pump prices domestically.
The government indicated that the measure will remain in place for one month, during which authorities will closely monitor developments in the global oil market and assess whether further policy adjustments are necessary.
Officials reiterated the administration’s commitment to maintaining price stability, protecting livelihoods, and supporting economic recovery in the face of external shocks.
The statement was signed by Felix Kwakye Ofosu, spokesperson to the President and Minister for Government Communications.
Source: www.kumasimail.com
