Government has directed a temporary reduction in fuel prices in the next pricing window, following an emergency Cabinet meeting convened to address rising energy costs.
In a statement shared by Government Spokesperson Felix Ofosu Kwakye, Cabinet instructed the Ministers for Finance and Energy to implement the reduction through the suspension of selected taxes and margins. Details of the specific taxes and margins to be affected are expected to be announced during the upcoming pricing window.
The measure will be in effect for four weeks and will be subject to review, depending on developments in the Middle East conflict and global crude oil price movements.
As part of efforts to cushion commuters, Cabinet also directed the Minister for Transport to fast-track the deployment of 100 recently acquired Metro Mass Transit buses. The buses are to be added to the existing fleet and prioritised for high-traffic routes.
The Transport Ministry has further been tasked to ensure that fares on these state-run buses remain lower than those charged by private operators.
In a related directive, all ministers and senior government appointees have been instructed to strictly comply with the President’s order cancelling fuel allocations and allowances.
The measures form part of a broader government response aimed at mitigating the impact of rising fuel costs on households and the economy.
