20 C
City of Banjul
Thursday, December 3, 2020

Gov’t reduces fuel prices significantly

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Press release

The public is hereby informed that the Ministry of Finance and Economic Affairs, in line with the Gambia government’s policy of mitigating the impact of the COVID-19 pandemic on lives and livelihood, has made the biggest ever reduction of the domestic retail prices of fuel in The Gambia.

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Effective 30th April 2020, the retail prices of fuel throughout The Gambia are as follows:
§ Petrol – D40 per liter from 49.36 per liter ( a reduction of D9.36)
§ Diesel – D43 per liter from D50.04 per liter ( a reduction of D7.04)
§ Kerosene – D30 per liter from D41.35 per liter ( a reduction of D11.35)
The goodwill gesture is aimed at ameliorating the cost of fuel on transport operators in light of the presidential directive to limit the passenger capacity of commercial vehicles.
Since February 2020, the government has made a cumulative reduction of D12.62 (25%), D11.94 (23%), and D19.23 (44%) on the price of petrol, diesel, and kerosene, respectively.

Similarly, the Ministry of Finance and Economic Affairs, in collaboration with the Ministry of Higher Education, Research, Science, and Technology, is pleased to announce a D29.1 Million Student Relief Package for Gambian students abroad. D12, 915, 880 has been allocated to benefit 836 non-government funded students while D16.2 million will go to the government-funded scholarship package. The relief package is designed to support the feeding and sustenance of both government-funded and non-government funded Gambian students around the world. The Ministry of Higher Education, Research, Science, and Technology will administer the package on behalf of the government.

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