Ghanaians are excited as fuel prices are set to drop again from today, January 16, 2026, according to the Chamber of Oil Marketing Companies (COMAC).
The reductions, marking a second consecutive fall, are projected at 1.26%–2.30% for petrol, 1.97%–2.10% for diesel, and 3.10%–5.09% for LPG. COMAC said the drops are due to the strengthening of the Ghana cedi and declining international petroleum product prices.
Although crude oil prices have risen slightly, from 61.74 to 62.75 USD per barrel, refined petroleum products on the international market continue to fall, with petrol down 1.07%, diesel 0.68%, and LPG 3.40%.
The cedi has strengthened from 11.52 to 10.90 per US dollar, a 5.71% gain, easing pressure on local pump prices. Databank Research expects limited foreign exchange pressures thanks to the gradual rollout of US$1 billion under the FX Intermediation Programme.
COMAC projects cash ex-pump prices at 11.75 cedis per litre for petrol, 12.45 for diesel, and 12.30 per kilogram for LPG. Credit prices are slightly higher at 12.05, 12.75, and 12.60 respectively. Floor prices for the period are set at 9.80 cedis for petrol, 10.47 for diesel, and 8.95 for LPG.
The agency noted that the combined effect of a stronger cedi and falling international prices will continue to provide relief at the pumps.
