The announcement was made by the Ministry of Petroleum, Energy and Mines in a press release issued on 1 June 2026, highlighting government’s commitment to protecting households, transport operators, businesses and other sectors heavily dependent on fuel consumption.
According to the ministry, while the price of gasoil has been reduced by D5 per litre, the retail price of petrol (PMS) remains unchanged at D112 per litre.
The ministry explained that the decision comes amid continued volatility in global fuel markets, driven largely by geopolitical developments and fluctuations in international petroleum prices.
“The reduction in gasoil prices reflects the Government’s commitment to easing the financial burden on households, transport operators, businesses and other productive sectors of the economy that rely heavily on fuel consumption,” the statement noted.
To facilitate the price reduction, government has committed more than D150 million in subsidy support to absorb part of the increased costs associated with prevailing international petroleum market conditions and supply chain pressures.
The intervention is expected to provide relief to commercial transport operators, farmers, manufacturers and other businesses whose operations depend significantly on diesel fuel. It is also anticipated to help moderate transport costs and support economic activities across the country.
The Ministry further assured the public that fuel pricing reviews continue to be conducted through a transparent and evidence-based process that considers both international market trends and national economic priorities.
Despite the challenges posed by global energy market uncertainties, the government said it remains proactive in implementing targeted measures to maintain fuel affordability and safeguard the welfare of Gambians.
The Ministry of Petroleum, Energy and Mines reaffirmed its commitment to working closely with stakeholders to ensure a stable, reliable and sustainable petroleum sector that supports national development and economic growth.
The latest reduction comes as consumers continue to face increasing living costs, with fuel prices remaining a key factor influencing transportation, production and the overall cost of goods and services across the country.
