Ghana President Mahama Cuts Diesel by GH¢2; Nigeria and Pakistan Also Adjust Fuel Prices
President John Dramani Mahama ordered a temporary reduction of the regulatory margin on diesel by GH¢2 per litre in Ghana, effective from 4 to 15 August 2026. The measure aims to cushion consumers, prevent transport‑fare hikes, contain inflation and mitigate the impact of rising international oil prices. The National Petroleum Authority (NPA) also announced new ex‑pump price floors for the August pricing window: petrol at GH¢14.53 / litre, diesel at GH¢14.97 / litre, LPG at GH¢11.06 / kg, marine gas oil at GH¢16.08 / litre and kerosene at GH¢14.46 / litre. Ghana’s Institute for Energy Security welcomed the diesel relief but warned the subsidy may not be sustainable long‑term, while the Ghana Private Road Transport Union said the GH¢2 cut offers limited relief for operators facing fuel‑price‑driven fare increases.
In Nigeria, the Nigerian National Petroleum Company Limited (NNPCL) reduced the pump price of Premium Motor Spirit by N36 / litre in Abuja (to N1,299) and by N70 / litre in Lagos (to N1,265). Other marketers, citing lower landing costs and a drop in Brent and WTI crude prices, indicated further petrol price cuts may follow. The Dangote Refinery set its gantry price at N1,215 / litre, and LPG prices fell about 39 % after the government issued import permits, bringing retail rates to roughly N1,400 / kg.
Pakistan’s federal government lowered petrol by Rs3.39 / litre to Rs328.56 and diesel by Rs4.07 / litre to Rs385.86, moving to daily price adjustments after months of spikes linked to the US‑Iran conflict that disrupted global oil supplies through the Strait of Hormuz.
Entities: Dangote Refinery · Ghana · John Dramani Mahama · National Petroleum Authority · National Petroleum Authority (Ghana) · Nigerian National Petroleum Company Limited · Nigerian National Petroleum Company Limited (NNPCL) · Pakistan Federal Government · President John Dramani Mahama
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] Some oil‑marketing companies had already raised diesel prices above GH¢18.00 per litre. (Awuku’s statements)
- [● 3 SOURCES] The National Petroleum Authority set August indicative price floors at GH¢14.53 per litre for petrol and GH¢16.97 per litre for diesel. (NPA announcement)
- [● 3 SOURCES] The National Democratic Congress pledged in its 2024 election manifesto to use the levy to cushion consumers, stabilise the cedi and reduce the cost of living. (Awuku’s statements)
- [● 3 SOURCES] Sammi Awuku is the MP for Akuapem North and a member of the New Patriotic Party. (Awuku’s statements)
- [● 3 SOURCES] Petrol price floor represents a 9.4% increase and diesel price floor an 18.3% increase. (NPA announcement)
- [● 3 SOURCES] The Price Stabilisation and Recovery Levy was increased by GH¢1 per litre in July 2025. (Awuku’s statements)
- [● 2 SOURCES] The NPA’s price‑floor mechanism prevented pump prices from falling despite the Brent price decline. (Awuku’s statements)
- [● 2 SOURCES] Brent crude fell from US$78 to US$71.90 during the previous pricing window. (Awuku’s statements)