Petroleum product prices are expected to record a marginal decline at fuel pumps nationwide from Friday, January 16, 2026, according to the latest pricing outlook by the Chamber of Oil Marketing Companies (COMAC).

The anticipated reduction will mark the second fuel price cut this month, driven largely by favourable movements in the international petroleum market and a stronger Ghana cedi against the US dollar.

Petrol prices are projected to drop by between 1.26% and 2.30%, potentially selling at approximately GHS11.75 per litre. Diesel could see a reduction of up to 2.10%, bringing the price to around GHS12.45 per litre, while Liquefied Petroleum Gas (LPG) is expected to decline by as much as 5.09%, with prices hovering around GHS12.30 per kilogram.

COMAC attributes the expected price cuts mainly to reduced global prices of refined petroleum products. Although crude oil prices recorded a slight increase, an oversupply on the global market has pushed down the prices of major petroleum products.

Within the current pricing window, international prices fell by 1.07% for petrol, 0.68% for diesel, and 3.40% for LPG.

Additionally, the appreciation of the Ghana cedi has provided further relief. The local currency strengthened from GHS11.52 to GHS10.90 against the US dollar, representing a 5.71% gain, helping to moderate domestic fuel prices.

Oil marketing companies are expected to reflect these adjustments at the pumps in line with the new pricing window.