Togo: Prices of diesel and jet fuel drop

Energy

Monday, 30 January 2023 18:05

Togo: Prices of diesel and jet fuel drop

(Togo First) - In Togo, the price of diesel and Jet A1 has fallen slightly. For diesel, the price is down to CFA775 from CFA850 FCFA per liter. As for jet fuel which is used by airplanes, its price has dropped from CFA654.41/liter to CFA615.41.

The change was disclosed in an interministerial order dated January 28, 2023. The latter was issued by the Ministers of Trade, Energy, and Transport, respectively Kodjo Adedze and Atcha-Dedji Affoh.

Prices of unleaded super fuel, kerosene, and two-stroke fuel did not change, however–CFA700, CFA650, and CFA788, respectively per liter.

While jet fuel’s price drop is good news for the Togolese aviation sector, it should be emphasized that the government still subsidizes petroleum products, to the tune of 230 CFA francs per liter on unleaded Super, and 239 francs per liter on diesel, and 157 CFA francs per liter on kerosene.

Ayi Renaud Dossavi

REFORMS OVERVIEW

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At the fifteenth position, worldwide, and first in Africa, under the Starting a Business index of the 2020 Doing Business ranking, Togo sustains its reformative dynamics with more reforms….

ENFORCING CONTRACTS (more info)

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CONTRACT EXECUTION (more info)

Creation of special chambers of commerce for small debts • Creation of chambers of commerce at the Court of Appeal • Civil and commercial cases now handled by distinct clerks • Establishment of commercial courts in Lomé and Kara • Lawyers and bailiffs now have access to the FORSETI COMMERCIAL platform • A maximum period of 100 days was fixed to settle a commercial dispute .

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In comparison to previous years, Togo has significantly improved its ranking on the “Trading across borders” index by adopting multiple reforms that focus mainly on the digitalization and reduction in delays, for import and export procedures related to import and export.

CONSTRUCTION PERMIT (more info)

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PUBLIC PROCUREMENT (more info)

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PAYING TAXES AND DUTIES (more info)

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