The Ministry of Petroleum, Energy and Mines has announced a sharp increase in fuel prices for May 2026, citing rising international petroleum costs and global supply disruptions.
In a statement issued on 1 May, the Ministry confirmed that petrol will now retail at D112.00 per litre, gasoil at D120.00 per litre, and jet fuel (kerosene) at D133.72 per litre.
The adjustment follows the latest monthly review of global market conditions, driven largely by geopolitical tensions in the Middle East that have pushed up Platts prices and disrupted supply chains.
Authorities acknowledged the strain the increase places on households and businesses, noting that fuel price hikes ripple across the economy, raising the cost of living and affecting productivity.
To cushion the impact, the government said it has continued to provide significant subsidies. After spending more than D350 million in April, an additional D185 million subsidy has been allocated for May, bringing total government support over the two months to more than D500 million.
The Ministry added that other cost components in the pricing structure, including importer margins and fuel marking levies, have been reduced.
Despite these interventions, officials warned that maintaining such high subsidy levels is unsustainable. They stressed that the burden on public finances limits investment in critical sectors such as health, education, and infrastructure.
The Ministry emphasised that the pricing adjustments are based on a transparent review process guided by international market trends and domestic realities. It reaffirmed the government’s commitment to ensuring energy security while managing the effects of global volatility on Gambian households and businesses.
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