By Olimatou Coker
Government yesterday announced a slight increase in the retail pump prices of petrol, diesel and kerosene for the month of September, citing rising international crude oil and refined petroleum product prices amid continued conflict and instability in the Middle East.
Under the new prices, which take effect yesterday 1st September, petrol (PMS) will be sold at D109.80 per litre, diesel (AGO) at D120.00 per litre, while kerosene will cost D112.64 per litre.
A press release issued by the Ministry of Petroleum, Energy and Mines, said the latest adjustment was largely driven by developments in the international oil market, particularly the continued rise in crude oil and refined petroleum product prices.
According to the Ministry, ongoing conflict and instability in the Middle East have increased uncertainty in global energy markets, with growing concerns over possible disruptions to oil production, refining and the transportation of petroleum products.
The Ministry noted that the developments have a direct impact on The Gambia because the country relies heavily on imported petroleum products to meet its domestic energy needs.
It said government would continue to monitor developments in the international oil market and take appropriate measures in accordance with the country’s established petroleum pricing framework.
It also appealed for the understanding and cooperation of the public and other stakeholders as it continues to respond to challenges in the global energy market.