Government keeps GH¢2 diesel price cut for September

The government has extended its GH¢2 per litre reduction in the regulatory margin on diesel into the first pricing window of September, in a move aimed at cushioning consumers against rising fuel prices.

However, the government has decided to maintain the GH¢2 reduction for at least one additional pricing window, preventing the full regulatory margin from being restored to the price of diesel.

A high-placed government source confirmed the decision to saying the intervention followed concerns over a possible increase in diesel prices at the pumps in the coming pricing window.