The recent surge in fuel prices in the Democratic Republic of Congo’s (DRC) western and northern supply zones, announced by interim Minister of National Economy Euchtache Muhanzi Mubembe, has stirred strong reactions among the populace and key economic players. Effective April 25, 2024, a revised pricing structure has been implemented, disrupting established consumption patterns. In the Western zone, encompassing regions like Equateur, Kongo-Central, and Kinshasa, gasoline costs surged from 3,225 FC to 3,475 FC per liter, while diesel now retails at 3,465 FC as compared to the earlier 3,215 FC. Concurrently, oil and Fomi witnessed price escalations, reaching 2,900 FC and 2,084.00 FC, respectively.
Simultaneously, the Northern zone, covering cities such as Mbandaka, Kisangani, and Aketi, experienced similar price revisions with gasoline rising from 3,970 to 4,220 FC per liter. Oil and diesel prices also surged to 3,460 FC and 4,270 FC, respectively. These adjustments mark a significant development in the trajectory of fuel costs in the DRC, following the last price amendment in October 2023.
The ramifications of these rate modifications are poised to affect household purchasing power and augment production costs for businesses, especially those reliant on fuel. This situation precipitates contemplation on the fairness and transparency of the fuel pricing policy to uphold economic and social equilibrium in the nation.
In essence, the issue of fuel pricing in the DRC emerges as a pivotal concern necessitating earnest attention from pertinent authorities and stakeholders. Striking a balance between consumer welfare and economic exigencies is imperative to safeguard the populace’s well-being and the vigor of the national economy.