The National Commission for Petroleum Product Prices, an agency of the Ministry of Petroleum and Hydrocarbons, set Thursday the selling prices of petroleum products to consumers for the month of May 2018 through a letter from its president Bernardin Mve Assoumou, addressed Directors General of Total Marketing Gabon, Libya Oil Gabon, Engen Gabon and Petro Gabon, of which Financial Afrik obtained a copy.
This increase in the price of petroleum products results, in particular, from the provisions of Decree No. 274 PR / MPH of 21 May 2015 regulating the National Commission of Petroleum Product Prices in the Republic of Gabon.
For gasoline: the network price (gas stations) is 620 CFA francs per liter and the price excluding networks (industrials) is 640 CFA francs per liter. The Gasoil is sold respectively at 575 F CFA per liter for the network price and 605 F CFA per liter for the price excluding networks.
The 12.5 kilogram bottle of butane gas costs 5450 CFA (unchanged). The kerosene at 275 F CFA per liter (unchanged) and the industrial oil at 375 F CFA per liter.
The latest increase in the price of fuel dates from February 2018: The liter of gasoline cost 620 FCFA per liter at the service station against 605 FCFA between December 2017 and January 2018.
Gas oil was proposed at 560 FCFA against 470 FCFA in December 2017. However the prices of butane gas (5,450 FCFA), kerosene (275 FCFA) had not changed.
Recall that the continuous increase in the price of fuel is a result of a decision of the Government of Gabon taken January 29, 2015 to remove subsidies for gasoline and diesel and liberalize the import of these products. These subsidies, which amounted to about CFAF 200 billion a year, made it possible to stabilize fuel prices at the pump. Libreville decided to end these subsidies under the impetus of the World Bank.
For example, prices for petroleum products at the pump are now appended to world crude oil prices. A situation that consumers do not understand since Gabon is an oil-producing country with a refinery.
