Touadéra blames fuel price rise on imports
By the AFREEQUE newsroom, based on Corbeaunews Centrafrique
Central African President Faustin-Archange Touadéra justifies higher fuel prices by the Central African Republic’s reliance on oil imports. He says distributors pass on international prices, while the analysis highlights the possible role of supply costs, Corbeaunews Centrafrique reports.
Central African President Faustin-Archange Touadéra has justified rising fuel prices by pointing to the Central African Republic’s dependence on oil imports. “We do not produce oil,” he said to explain the government’s difficulties, according to Corbeaunews Centrafrique.
Central African fuel distributors buy petroleum products on the international market and pass on rising prices to the domestic market, Faustin-Archange Touadéra added. This explanation highlights the country’s vulnerability to international fluctuations, without specifying the other components of the prices paid by consumers. The rise in fuel prices in the Central African Republic is also linked, according to the president, to the end of a subsidy of 350 CFA francs per litre.
The rest of this article is for subscribers.
Try AFREEQUE!
12,000+ readers already get the AFREEQUE newsletter
- Every article in full: all the news from Africa, summarised and easy to read
- A local source in 52 of the continent’s 54 countries
- 100% independent: no advertising, no shareholders
- The satisfaction of supporting an independent African news outlet that serves its readers
Discovery offer
€1
for 15 days
then €9.99/month
Try it for €1No commitment · cancel in one click
New subscribers only
🔒 Secure payment with:
Already a subscriber? Log in
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
