The Government of the Gambia through the Ministry of Finance and Economic Affairs has been reviewing development in the global market rice of petroleum and their potential impact in the domestic economy, said a press release from the Ministry of Finance and Economic Affairs. After the decline of global economic price which is 30 us dollars as January 2016, the Ministry considers it’s necessary to reduce domestic pump prices in order to transfer the gains of falling global oil pump prices to consumers and citizens in line of development, the release added.
The Ministry of Finance informs the public domestic pump prices of petroleum, Diesel and kerosene will sell as follow super D58.77 now D53.77 which represents 8, 5%, Diesel D56.59 now D40.49 which represents 12.4 %, Kerosene D53.59 now D46.9 which represents 14.0% prices will be applicable as from 1st February 2016. All marketing companies the release went on are therefor urged to stick to the prices mentioned earlier.
The development followed transportation price hikes in the Greater Banjul Area. Cab drivers have repeatedly complained about the exorbitant gas prices. The drives felt that they are paying too much money at the pump level. Neighbouring country Senegal, has reduced the price of gas.
Written By Our Reporter In Banjul