The Head of Communications at the Ministry of Energy and Green Transition, Richmond Rockson has revealed that Government is sacrificing significant revenue to ease the burden of rising fuel prices on consumers.
According to him, recent interventions by the Government focused on reducing key margins within the fuel pricing structure, including the Primary Distribution Margin (PDM), the Energy Sector Levies Act (ESLA)-related components, the BOST margin, and the fuel marking margin.
Speaking in an interview on TV3’s Ghana Tonight, Wednesday, April 15, he noted that on average, the combined effect of the reduced margins amounts to about GH¢2.30 per litre, translating into an average estimated revenue loss of at least GH¢200 million for government in each pricing window.
“What it means is that the Government has taken a hit because this will be revenue that will be due government.
“If you look at the analysis, these figures are on each litre and so averagely on each litre, if you do the combine effect of the margins, you are looking at specifically about GHC2.3. if you look at what the net loss would be, government is taking a hit of minimum about GHC200 million every window to be able to do this implementation,” he stated.
He added that the actual losses could be even higher depending on detailed calculations.
“And these are the average net losses, if we are going into the specifics, perhaps that will be more than that,” he said.
Mr. Rockson maintained that the intervention underscores government’s commitment to cushioning citizens against economic pressures.
“but it shows the commitment of government and the fact that the government is putting the people first.”
The Ministry stressed that the measures form part of broader efforts to stabilise fuel prices and mitigate the impact of global market volatility on the local economy.
Government on Wednesday, April 15 announced that it will absorb 36 pesewas on the price of petrol and GHC2.00 on diesel effective April 16.
Accordingly, petrol will sell at GHC0.36 less while price of diesel will be GHC2.00 less.
“Government Announces Temporary Measures to Mitigate Petroleum Price Increases Amid Global Market Volatility Effective April 16, 2026, which is the next pricing window, the Government will absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol,” a statement signed by Government Spokesperson, Felix Kwakye Ofosu stated.
The statement dated April 15 indicated that, “This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses.”
The measure, approved by Cabinet, is in response to rising prices of petroleum products on the international market, which have significantly impacted ex-pump prices in Ghana.
