Togo Allocates CFA25 Billion for Petroleum Subsidies in 2025

Energy
Monday, 13 January 2025 11:25
Togo Allocates CFA25 Billion for Petroleum Subsidies in 2025

(Togo First) - Togo will subsidize petroleum products with CFA25 billion in 2025. According to the source, the Ministry of Trade, the government’s goal is to lower the products’ prices and support households struggling amid the recent inflation. The statements were made during talks about the 2025 budget in Parliament.

The subsidies will apply to super unleaded, petroleum, diesel, and two-stroke mix, reducing prices by up to CFA233 per liter, depending on fuel type. It is worth noting that a price cut at the pump has been implemented since December 10, 2024.

Lomé also plans to subsidize domestic gas with CFA9.6 billion. This should increase people's purchasing power and lessen the impact of international price changes on the economy.

In 2022, Togo allocated CFA25 billion for petroleum subsidies, according to former Trade Minister Kodjo Adédzé.

Esaïe Edoh

 

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