The  Ministry of Petroleum and Energy has reduced fuel prices by D2 per litre following demands by the drivers’ union. 

The ministry said the reduction is in line with the decline in global oil prices. 

In a statement, it said: “After months of price hikes caused by several factors including global supply chain disruptions and geopolitics of the world, the global oil prices are showing a marginal decline in recent days.

“Government, in consideration of the decline in global oil prices, has decided to reduce the pump prices by D2 per litre. 

“This will help ease the burden on the 

general public. The recently announced Price Structure will now be as follows: PMS: D 77.89 per litre (Petrol), AGO: D 73.00 per litre (Diesel).”

The statement added: “While government continues to subsidies the pump price for diesel, we hope that global oil prices may soon stabilise. 

“Thus, the government will continue to monitor oil prices and any further reduction will be passed on to consumers in the country.”

Reporting by Adama Makasuba

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