Fuel Prices Congo, Democratic Republic Of

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Revision as of 17:34, 2 December 2012 by ***** (***** | *****) (1 revision)

Part of: GIZ International Fuel Price database
Also see: Congo (Democratic Republic) Energy Situation

Fuel Pricing Policies

Local Currency: CDF
Exchange Rate: 896


(2010/11/12)

Last Update:

The government / the ministry of finances sets fixed fuel pump prices.

According to →Appendix A1b, the government was urged by IMF to stop subsidizing fuels. This resulted in a notable price increase in mid-November 2010. The real cost of gasoline were estimated to be at CDF 1200 / liter while the pump price was adjusted from CDF 970 to CDF 1150. According to →App. A1b, the subsidies of fuels from October 2009 until October 2010 summed up to 17 million US$.

The price increase came to the public as a total surprise. The responsible minister gave a statement not before three days later (→App. A1, A1b).

No official information concerning fuel pricing could be found online.

Fuel Prices and Trends

Gasoline 95 Octane Diesel
in USD*

in Local Currency

* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil



Fuel Price Composition

Price composition.



According to →Appendix A1b, subsidies on fuels were reduced / cancelled in late 2010, leading to a notable increase in fuel prices (~ 20%).

No further information available.



At a Glance

Regulation-Price-Matrix
Transparency of
Price Composition
Transparency of Pricing
Mechanism / Monitoring
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No official information concerning fuel prices could be found on the ministries websites.


Sources to the Public

Type of Information Web-Link / Source
Other Information http://www.minfinrdc.cd/ (Ministère des Finances)
Other Information http://www.afriqueredaction.com/article-kinshasa-les-prix-du-carburant-revus-a-la-hausse-60526074.html (A1)
Other Information http://www.afriqueredaction.com/article-appuis-budgetaires-2011---carburant-le-gouvernement-plie-sous-la-pression-du-fmi-60613288.html (A1b)
Other Information http://www.souslemanguier.com/nouvelles/news.asp?id=19&pays=148&idnews=28302 (A2)


Contact

Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de

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