Price of Gas, Diesel to drop on Wednesday

August 31, 2022 9:35 am

The acting Minister of TEATT, Omar Ottley hereby informs the general public that the prices of gas and diesel will drop effective 6 am on Wednesday, August 31, 2022.

Minister Ottley further informs that the price build-up was adjusted to include an additional NAf 3 cents for freight costs due to global developments. This decision was taken based on a request by the main wholesaler in 2021.

The delay in approving the request resulted in significant losses for the main wholesaler, which ultimately affected the consumer. Therefore, a further delay in approving the request was not desirable, and as such a decision was taken to increase the freight costs by the requested NAf 3 cents.

The (consumer) prices of fuel and diesel are now at NAF 2.501 and NAf 2.563 respectively, representing drops of NAf 6 cents for gasoline and NAf 31 cents for diesel.

The Ministry also reminds the public that although we have noticed a downward trend lately, prices, in particular, the price of diesel remain highly volatile and we have not yet attained a level of normalcy.
Like many others, the price of fuel is influenced by a plethora of factors outside of our control, and as a non-oil-producing country, we will feel the brunt of these external factors.

Therefore, we strongly advise persons to be aware of such and to continue to adjust their driving habits accordingly.