Gambia: Gov’t Reduces Petrol, Diesel Prices To Cushion Consumers

The Government of The Gambia has announced a reduction in prices of petrol (PMS) and diesel (AGO) at the pumps for May.

Consumers will now buy petrol at 69.52 dalasis (equivalent to $1.29) and diesel at 64.78 dalasis (equivalent to $1.20).

Previously, a litre of petrol was sold at 70.52 dalasis (equivalent to $1.30) dalasi while diesel was sold at 75.78 dalasis (the equivalent to $1.40).

A statement issued by the West African nation’s Ministry of Petroleum and Energy said the reduction is geared towards easing the effects of the price hikes on the general public, especially during this extended holiday period.

The statement said the Government of The Gambia would continue to mitigate these external pressures on the pump prices by absorbing some of the shocks.

“With no certainty of the normalisation of geopolitical, the Government would like to assure the public and businesses that various measures will still be in place to ensure energy security, sustainable retail price and long term price stability,” the statement said.

Source: https://energynewsafrica.com