Breaking: Cabinet Reviews Fuel Prices…Removes some Taxes and Margins-Kwakye Ofosu

Cabinet has reviewed fuel prices by removing some taxes and margins on the petroleum product.

This decision was reached following a Cabinet meeting held on Thursday April 9, 2026 at the Jubilee House.

Announcing the decision at a press briefing shortly after the Cabinet meeting, Minister for Government Communications Hon. Felix Kwakye Ofosu revealed that the President has directed the Energy Ministry to reduce some taxes and margins on petroleum product whilst also holding discussions with the sector stakeholders.

“Energy Ministry has been asked to reduce some taxes and margins
Also let me indicate that all factors were considered in terms to avoid compromising the energy sector”, Hon. Kwakye Ofosu emphasized.

He added that the removal of the tax margins will last for four weeks.

“Specific cost of reduction will be announced in the next pricing windows”, Minister for Government Communications stressed.

He later revealed that government has banned fuel Allowance for Appointees

Below is the OUTCOME of EMERGENCY Cabinet Session on fuel price.

1.Ministers of Finance and Energy directed by Cabinet to ensure a reduction in fuel price in the next pricing window through the SUSPENSION of some taxes and margins( said taxes and margins to be announced at next pricing window).

This is to last for four weeks and subject to review based on evolving situation in Middle East conflict and movements in crude oil prices.

2. Minister for Transport directed to ensure expedited deployment of recently acquired 100 Metro Mass Transit Buses in addition to existing ones on high-traffic corridors and ensure maintenance of LOWER TRANSPORT FARES on those buses than what private operators charge.

3.ALL MINISTERS and SENIOR GOVERNMENT APPOINTEES to adhere STRICTLY to President’s directive on cancellation of fuel allocations and allowance.

Source:www.senaradioonline.com