Guinea mobilises 5,489.7 billion GNF to stabilise fuel prices
By the AFREEQUE newsroom, based on Mosaiqueguinee
The Guinean state is allocating 5,489.7 billion Guinean francs to the oil price stabilisation mechanism to keep fuel at 12,000 GNF per litre. Economy, Finance and Budget Minister Mariama Ciré Sylla presented the allocation during the review of the 2026 revised budget, according to Mosaiqueguinee.
The Guinean government has mobilised 5,489.7 billion Guinean francs in the 2026 revised finance bill to support the mechanism for stabilising petroleum product prices and keep fuel at 12,000 GNF per litre across the country, Mosaiqueguinee reports. Economy, Finance and Budget Minister Mariama Ciré Sylla presented these measures to the National Assembly, stressing the aim of balancing social protection and macroeconomic stability.
The allocation includes revenue losses accepted by the state as well as a provision to support the long-term regulation of hydrocarbon prices. The authorities aim to prevent a rise in fuel prices from affecting transport costs and then the prices of foodstuffs, construction materials, consumer goods and services.
The 5,489.7 billion GNF allocated to stabilisation is among the largest items in the revised budget, a choice presented as a social investment amid tensions in international energy markets. The government says it is pursuing a dual objective: protecting household purchasing power while maintaining major macroeconomic balances.
The allocation is part of the budget revision launched in October, when Conakry had already announced 5,499 billion GNF for fuel and the maintenance of the litre price at 12,000 francs.
