Second Pricing Window: Petroleum Prices Expected to Decline Marginally at Pumps From Today
Prices of petroleum products are expected to decline marginally at the pumps from today, January 16, 2026, following favourable movements on the international market and a sharp appreciation of the Ghana cedi.
The projection is contained in the latest outlook report by the Chamber of Oil Marketing Companies (COMAC), which guides pricing decisions by oil marketing companies for the current pricing window.
This marks the second expected price reduction in January 2026, after earlier declines at the start of the year.
Expected price changes
Data from COMAC indicate that the price of petrol is projected to decline by between 1.26 percent and 2.30 percent, potentially bringing the pump price down to about GH¢11.75 per litre.
Diesel prices are expected to fall by up to 2.10 percent, with a litre likely to sell at around GH¢12.45.
Liquefied Petroleum Gas (LPG) is projected to record the sharpest decline, dropping by as much as 5.09 percent, which could result in a kilogram selling at approximately GH¢12.30.
Drivers of the decline
According to COMAC, the anticipated reductions are largely driven by declining prices of finished petroleum products on the international market, despite a marginal increase in crude oil prices.
The report noted that global petroleum markets continue to experience oversupply, which has exerted downward pressure on refined product prices.
For the second pricing window, international petrol prices declined by 1.07 percent, diesel by 0.68 percent, while LPG fell by 3.40 percent, reinforcing expectations of lower domestic pump prices.
In addition, the Ghana cedi recorded a strong appreciation against major trading currencies at the start of the year. For the January 16, 2026 pricing window, the cedi strengthened from GH¢11.52 to GH¢10.90 to the US dollar, representing a 5.71 percent appreciation.
COMAC noted that the combined effect of lower international product prices and the stronger local currency has created room for oil marketing companies to adjust prices downward at the pumps.
