From January 1, 2026, petroleum product prices are predicted to fall a bit at the pumps.
Predicted Reduction:
Petrol prices are predicted to drop by 2.40% to 4.80%, resulting in a pump price of around GH¢11. 90 per litre. Diesel is expected to fall by as much as 3.77%, potentially bringing the price of a litre to around GH¢12.50. Additionally, it is predicted that Liquefied Petroleum Gas (LPG) would decrease by as much as 2.19%, bringing the price per kilogram to around GH¢13.40.
What accounted for this?
The projected decline, according to the Chamber of Oil Marketing Companies, is mostly due to lower prices for crude oil and processed petroleum products on the global market. During the time, international refined product prices fell sharply, with gasoline down 9.17%, diesel down 8.11%, and LPG down 3.82%, according to market data.
Over the last three weeks, the cedi has also gained over 3% in value against the US dollar. During the pricing window for January 1, 2026, the local currency increased by 8.20% from GH¢11.14 to GH¢10.50 per dollar. This represents a significant advance over the GH14.84 recorded during the same time previous year and one of its best results in recent months.
After making the necessary adjustments at the pumps, over 200 oil marketing companies have informed JoyBusiness that they will start lowering costs beginning this weekend. The modifications, according to others, may go into force as soon as Monday. Additionally, some marketers have suggested that additional price cuts may occur if the cedi keeps gaining value or  holds steady against the dollar.
 Credit: JoyBusiness News