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Gov’t reduces fuel price

Nov 4, 2015, 9:59 AM

The Ministry of Petroleum wishes to inform the general public that with effect from Tuesday 3rd November 2015, the price of Jet A1 fuel has been reduced from US$0.88 per litre to US$ 0.75 per litre, according to a media release aired by the state TV last night.

According to therelease, the price reduction has been made after due consultations with the Office of the President, Ministry of Finance and Economic Affairs, Ministry of Trade, Industry, Regional Integration and Employmentand the Office of Importation Licence.

“The new price structure is aimed at improving air access and hence making The Gambia more competitive within the sub-region,” the release stated.

On behalf of His Excellency the President, the release continued, the Ministry of Petroleum would like “to thank all stakeholders for their cooperation.”