The government is set to suspend the GH¢1-per-litre Energy Sector Shortfall and Debt Repayment Levy (D-Levy) on diesel for October and November, Citi Business News has gathered.
Under the new arrangement, the reduction in statutory margins will be lowered from GH¢2 to GH¢1 per litre, while the remaining GH¢1 will come from the suspension of the D-Levy.
Motorists will therefore continue to benefit from a total GH¢2-per-litre intervention on diesel—GH¢1 through reduced statutory margins and another GH¢1 through the suspension of the D-Levy.
The Chamber of Petroleum Consumers (COPEC) is projecting a 5.21% increase in petrol prices and a 22.91% rise in diesel prices from Thursday, October 1, 2026.
In a statement issued on Tuesday, September 29, and signed by its Executive Secretary, Duncan Amoah, COPEC attributed the expected increases largely to higher international petroleum prices and a marginal depreciation of the Ghana cedi against the US dollar.
COPEC projects the average retail price of petrol 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.
The anticipated fuel price increases have already contributed to an 8% increase in transport fares.
The government’s decision to maintain the GH¢2-per-litre intervention on diesel is therefore expected to cushion consumers from part of the projected increase in diesel prices, while shifting the source of the intervention from statutory margins to a temporary suspension of the D-Levy.
