The Togolese government is announcing an adjustment to fuel prices at the pump as of this Tuesday, December 10, 2024. According to a press release issued on Monday evening by the Department of Commerce, this decision comes against a backdrop of falling barrel prices on the international market and aims to guarantee the continuity of energy supply nationwide.
Notable reductions
Here are the new rates:
Super unleaded : 680 F CFA (previously 700 F CFA)
Kerosene lamp : 650 F CFA (unchanged)
Diesel : 695 F CFA (previously 775 F CFA)
2-stroke mixing : 769 F CFA (previously 788 F CFA)
The sharpest decline was for diesel, where the price fell by 80 F CFA , a measure likely to ease production costs for companies, particularly in the electricity and transport sectors. Other fuels saw a more moderate decrease of 20 F CFA The only exception is kerosene, essential for rural populations, for which the price remains unchanged.
Background and impact
This adjustment is taking place against a backdrop of global energy crisis, as the Togolese government seeks to balance support for citizens' purchasing power with the need to maintain strategic stocks. Lower diesel prices, in particular, could help reduce the cost of essential public services and industrial activities.
This gesture by the government is welcomed by many economic players, although expectations remain for similar measures for kerosene, which is crucial for rural households.
By adopting this approach, the executive confirms its commitment to responding to the concerns of the Togolese people while adapting to fluctuations in the international market.