The government will continue the GH¢2-per-litre subsidy on diesel through October and November to help ease the impact of rising fuel prices on consumers.

However, the GH¢1-per-litre Energy Sector Shortfall and Debt Repayment Levy (D-Levy) on diesel will be suspended for those months. Under the new arrangement, GH¢1 of the relief will come from reductions in statutory margins, while the remaining GH¢1 will come from the suspension of the D-Levy.

The move follows projections of a significant increase in fuel prices during the first pricing window for October.

According to the Chamber of Petroleum Consumers (COPEC), petrol prices are expected to increase by 5.21%, while diesel prices could rise by 22.91% from Thursday, October 1, 2026.

As such, the price of petrol is expected to rise from GH¢16.90 to GH¢17.78 per litre, while diesel is expected to increase from GH¢18.24 to GH¢22.42 per litre.

Meanwhile, transport fares have increased by 8%; the adjustment was reached after weeks of consultations between the Ministry of Transport and major transport unions over the 2026 fare review.

Following the last increase in October 2025, no fares have been increased so far this year, despite proposals and negotiations between stakeholders over fare adjustments, citing rising fuel prices, operating costs and spare parts prices.

Last year, the President John Dramani Mahama-led government implemented a GH¢1 fuel levy on petroleum products. This move falls under the Energy Sector Levies (Amendment) Act, 2025 (Act 1141), which was assented to by the President on June 5 to address energy-sector shortfalls, reduce legacy debts, and stabilize power supply across the country, following parliamentary approval.

“We were told that the GH¢1 levy will allow the government to keep the lights on, and so now the question is, why are our lights not on? We were told that we were paying the GH¢1 to use it to buy fuel, but when the NPP was leaving, we handed fuel to them, and so the question is why Ghanaians must continue to sleep in darkness, and businesses are collapsing.

“It is necessary for us to know what they used the revenue for because we are experiencing dumsor everywhere in the country,” he added.

President Mahama stated that "initially much of this revenue will go to the purchasing of fuel to ensure stable power of electricity."According to him, the levy will also help reduce the use of liquid fuel in the energy mix, as it expects more gas from the ENI, Sankofa, Jubilee, and TEN fields, as well as the West African Gas Pipeline.

"At that stage, the resources generated by this increased levy will be channeled to pay accumulated legacy debts in the power sector," he added.

He assured Ghanaians that funds generated from the newly approved GHC1 fuel levy will undergo regular audits. He explained the move is to ensure accountability and transparency.

"Funds from this levy will not be subject to the hazards of the Consolidated Fund. The fund will be regularly audited and audit reports made public to ensure its transparent use."