Consumers of petroleum products are expected to see a further reduction in the prices of petrol, diesel, and Liquefied Petroleum Gas (LPG) in the New Year, following a marginal decline during the second pricing window of December 2025, the Chamber of Oil Marketing Companies (COMAC) has projected.
According to the chamber, petrol prices are expected to fall by between 2.40% and 4.80%, diesel by 2.42% to 3.77%, and LPG by 1.20% to 2.19%.
“These anticipated reductions are being driven by a significant decline in international petroleum product prices, coupled with the sharp appreciation of the Ghana cedi,” the chamber said in its January 2026 outlook.
During the second pricing window of December 2025, which ends today, petrol was sold between Gh¢12.50 and Gh¢11.35 per litre, while diesel was sold between Gh¢12.99 and Gh¢11.80 per litre, with LPG selling between Gh¢14.20 and Gh¢12.32 per kilogram.
On the international front, crude oil prices eased into the start of 2026, falling by 3.86% from US$63.79 to US$61.33 per barrel, as abundant global supply and rising inventories continued to outweigh geopolitical risks stemming from Russia, the Middle East, and Venezuela.
Driven by the decline in crude oil prices, international refined product markets dropped significantly, with petrol falling by 9.17%, diesel declining by 8.11%, and LPG easing by 3.82% over the period.
The above factors, coupled with the appreciation of the Ghana cedi against major trading currencies as the year draws to a close, are what COMAC says will drive fuel prices further down effective, January 1, 2026.
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