By: Fatou Krubally
The Gambian government has reduced the pump price of diesel by D5 per litre and committed more than D150 million in subsidies to cushion consumers against rising international fuel costs.
The Ministry of Petroleum, Energy and Mines announced on Monday that the price of diesel, also known as gasoil, has been reduced from D120 to D115 per litre.
According to the ministry, the price of petrol remains unchanged at D112 per litre despite continued volatility in global petroleum markets.
The ministry said the subsidy package is intended to absorb part of the cost increases associated with developments in the international oil market and to ease pressure on households, transport operators, businesses and other fuel-dependent sectors.
The announcement comes amid fluctuations in global oil prices driven by geopolitical tensions and broader uncertainties affecting energy markets.
As a net importer of petroleum products, The Gambia remains vulnerable to changes in international fuel prices, which can have a direct impact on domestic pump prices.
The ministry said the government remains committed to protecting consumers from the full effects of rising fuel costs through targeted interventions aimed at maintaining affordability while supporting economic activity.
According to officials, the D150 million subsidy support will help mitigate the effects of prevailing market conditions and supply chain pressures, enabling consumers to benefit from lower diesel prices.
The ministry also stated that fuel price reviews are conducted through a transparent process based on international market trends and national economic considerations.
It added that the government would continue to work with stakeholders in the petroleum sector to ensure stable fuel supplies across the country.
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