August 15, 2026

The African Tribune

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Senegal raises fuel prices as global oil markets surge

The Senegalese government has announced a fresh increase in fuel prices effective August 15, 2026. From this date, the cost of super gasoline will rise by 70 F CFA per liter, while diesel prices will climb by 75 F CFA per liter.

Officials at the Ministry of Energy and Petroleum attribute the price adjustment to the ongoing surge in global oil prices, driven by escalating tensions in the Middle East. Since July 13, diesel has surged by 26.6% on international markets, while super gasoline has climbed by 12%. Since the conflict began, these increases have reached 69% for diesel and 61% for super gasoline.

To mitigate the financial strain, the Senegalese state had already allocated over 245 billion F CFA in subsidies since January. However, in light of the persistent price volatility, authorities have decided to revert to the pricing structure in place before the December 6, 2025 reduction. As a result, super gasoline will now be priced at 990 F CFA per liter, and diesel at 755 F CFA per liter. Prices for other petroleum products remain unchanged.

Without this adjustment, officials noted that subsidies would have ballooned to nearly 47.27 billion F CFA for the period spanning August 15 to September 12, 2026.