The Gambia Raises Fuel Prices In September Amid Higher Global Oil Costs

The Gambia has raised fuel pump prices for September, citing higher global oil and refined petroleum product prices and continued uncertainty in international energy markets.

Petrol will now sell at D109.80 per litre, diesel at D120 and kerosene at D112.64, the Ministry of Petroleum, Energy and Mines said in a statement on Tuesday.

In August, petrol prices rose to D104.18 per litre from D101.10 in July, while diesel increased to D116.63 from D113.52.

Kerosene rose to D99.62 per litre from D95.54.

The ministry attributed the September adjustment to continued increases in international crude oil and refined petroleum product prices.

It said conflict and instability in the Middle East had added uncertainty to global oil markets and heightened concerns about potential disruptions to production, refining and transportation.

“As The Gambia relies heavily on imported petroleum products, developments in international markets have a direct impact on the cost of fuel in the country,” the ministry said.

The government acknowledged that higher fuel prices would put additional pressure on households, businesses and transport operators, but said the adjustment reflected prevailing international market conditions and was necessary to maintain a steady supply of petroleum products.

The ministry said the government would continue to monitor developments in international oil markets and take measures when necessary under the country’s established petroleum pricing framework.

“The Ministry appreciates the understanding and cooperation of the public and all stakeholders as the Government continues to respond to challenges in the global energy market,” it said.