Algeria does not plan to raise fuel prices
By the AFREEQUE newsroom, based on Algérie 360
Algeria’s finance minister said that a one-dinar increase in the price of a litre of petrol was not planned in the 2027 finance bill. He explained that revision mechanisms can lead to price increases or decreases, depending on constraints and their social effects, reports Algérie360.
The Algerian government has not planned to increase the price of petrol on 1 January 2027 under the 2027 finance bill, the Algerian minister in charge of the issue said, according to Algérie 360.
The minister explained that a one-dinar increase per litre would have had to be included in the finance bill and undergo an assessment of its budgetary impact if it had been considered. He said the revision mechanisms mentioned in Article 218 of the draft bill may concern other industrial constraints and lead to an increase or decrease in prices, depending on circumstances, reports Algérie 360.
The Finance and Budget Committee of the National People’s Assembly proposes that any revision of petrol and diesel prices be subject to prior parliamentary approval under the finance bill, according to Algérie 360. The minister also stressed the need to take into account the social impact of economic decisions and preserve purchasing power.
The statement comes after the publication, on 6 November, of details on the Algerian government’s strategy to reduce dependence on hydrocarbons, as part of the country’s economic policy. It also comes as the 2027 Algerian budget extends tax benefits on certain everyday products.
