The Council of Ministers has authorised monthly reviews and adjustments to retail fuel prices, leading to a price hike on January 7. The increase affects gasoline, kerosene, white diesel, light black diesel, heavy black diesel, and jet fuel. Gasoline prices rose by 11.3pc to 101.47 Br a litre. White diesel and kerosene prices increased by 9.6pc, while light black diesel now costs 108.30 Br a litre, and heavy black diesel is priced at 105.97 Br. Long queues at fuel stations persisted until the price adjustment took effect. The Ministry of Trade and Regional Integration (MoTRI) allocated 300 billion Br for petroleum subsidies, covering 75pc of benzene and 80pc of diesel costs. Fuel prices have dramatically increased over the last five years, driven by global market disruptions, reduction in subsidies, and local currency depreciation. Three months ago, the Ministry increased fuel prices, adjusting a litre of benzene to 91 Br and diesel to 90 Br.
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