The Chamber of Oil Marketing Companies (COMAC) has welcomed the government's decision to absorb GH¢2 on every litre of diesel, with its Chief Executive Officer, Riverson Oppong, confirming that member companies have already begun implementing the price reduction. "This wave that has come is indeed here to cushion consumers and operators within the sector," he said. That's what the government has decided," he said, while acknowledging that extending the intervention to petrol could have delivered broader economic benefits. President John Dramani Mahama directed the National Petroleum Authority to absorb GH¢2 on every litre of diesel to cushion consumers against anticipated fuel price increases linked to rising global crude oil prices. Following the directive, the NPA revised the ex-pump price floor for diesel for the August 4–15 pricing window to GH¢14.97 per litre, down from the previously announced GH¢16.97 per litre.