Petrol, diesel and LPG prices expected to fall from January 16

Petroleum product prices are set to drop slightly at the pumps starting Friday, January 16, 2026.

The forecast comes from the latest report by the Chamber of Oil Marketing Companies (COMAC), which helps guide pricing decisions for oil marketing companies (OMCs).

This will be the second price drop at the pumps this month, thanks to favourable developments in the international market and the Ghana cedi’s rise against the US dollar.

Petrol is expected to fall by 1.26% to 2.30%, which could bring the price down to about GHS11.75 per litre.

Diesel could drop by up to 2.10%, selling at around GHS12.45 per litre.

Liquefied Petroleum Gas (LPG) may fall by as much as 5.09%, making it GHS12.30 per kilogram.

COMAC says the price reductions are mainly due to lower costs of petroleum products on the global market.

Although crude oil prices rose slightly, most major products have become cheaper because of oversupply worldwide.

International prices continue to trend downward: petrol fell by 1.07%, diesel by 0.68%, and LPG by 3.40% during this pricing window.

Meanwhile, the Ghana cedi has strengthened against major currencies in 2026. For this pricing period, it appreciated from GHS11.52 to GHS10.90, a gain of 5.71%, which also helps lower local fuel prices.