Several options being considered by government to cushion consumers against fuel price hikes – NPA Boss

The National Petroleum Authority (NPA) CEO, Godwin Kudzo Tameklo, has announced that the government is exploring various options to protect consumers from escalating fuel prices. During an interview on PM EXPRESS BUSINESS EDITION, Tameklo stated that the NPA has submitted several scenarios to the sector minister, Dr. John Abdulai Jinapor, who is reviewing the options for implementing necessary measures.

While Tameklo declined to provide specific details, he emphasized that the government is committed to safeguarding consumers, in light of the current international market trends. He also recalled past interventions when fuel prices surged, noting that the government's intervention prevented the full impact of the price hike from being passed on to consumers.

According to Tameklo, the government has already allocated over GH¢1 billion to cushion consumers from the effects of rising fuel prices. Earlier this year, the government introduced measures to shield consumers from the increasing costs of diesel and petrol, but later focused on diesel due to its economic implications. President John Dramani Mahama directed the NPA to absorb GH¢2 per litre of diesel to mitigate the burden of rising fuel costs on consumers, mainly commercial transport operators and businesses reliant on diesel.

The government has extended this policy for September 2026, and Tameklo hinted at potential permanent actions to be addressed in the next year's budget, which is expected to be presented in November 2026 by the Finance Minister, Dr. Cassiel Ato Forson.