The readjustment of the prices of petroleum products in the Southern Zone of the Democratic Republic of Congo (DRC) is attracting attention. Following a tripartite meeting between the Deputy Prime Minister in charge of the National Economy, Vital Kamerhe, the Minister of Hydrocarbons, Didier Budimbu, and professionals in the oil sector, it was decided that measures would be taken to deal with the situation.
On the question of relieving the oil operators of Katanga, it was announced that the shortfall would be paid from October 4, 2023. This promptness of the government was welcomed by the President of the Katanga oil companies, Patrick Muland, who spoke said relieved to see quick solutions being put in place.
In order to avoid an unmanageable crisis due to the exhaustion of oil companies’ stocks, the government plans to have the necessary resources available from November 15, 2023 to compensate for the shortfall of oil companies.
The question of certification of debts or shortfalls of Katanga oil companies was also discussed. The government has committed to examining this issue, as well as that of arrears, from October 1, 2023.
It is important to note that this situation of price readjustment results from the increase in the price of a barrel of oil on the international market. According to Vital Kamerhe, the price of a barrel rose from 80.00 USD at the beginning of September 2023 to 92.07 USD at the end of September 2023, which justifies the need for a readjustment of prices in the country.
However, in order not to suffocate the population, the government plans a slight increase in prices in order to relieve the oil profession.
The inhabitants of Katanga hope that this increase will not have an impact on the prices of transport and basic goods, and that it will help maintain an economic balance in the region.
In conclusion, the readjustment of the prices of petroleum products in the DRC, although necessary due to the increase in the price of a barrel of oil on the international market, also requires measures to avoid a crisis and support oil operators. The government is committed to taking prompt measures to make up the shortfall and examine the situation of Katanga oil tankers. It remains to be hoped that these measures will make it possible to maintain economic balance in the region.