News and Events

Ministry of Petroleum and Energy, Press Release: July 2022 Retail Fuel Pump Price

Ministry of Petroleum and Energy

Press Release

July 2022 Retail Fuel Pump Price

BCQ 208/271/01                                                                                                                                                                         

1st July 2022                                                                                                                                                                                                                                                

The general public is hereby informed that there has been an adjustment in the retail fuel prices for the month of July 2022, following an increase in global fuel prices as a result of logistic challenges/ supply chain disruption caused by the continuance of the Ukraine-Russia war

It is important to note that the fuel prices for the month of July would have been PMS D92.95 and AGO D94.11. Government has adjusted these prices to acceptable figures considering the interests of all the players in the value chain. This is to maintain trust and to keep businesses thriving during these trying times.

Government has forgone all its revenue from petroleum products and agreed with the oil marketing companies to also reduce their margins in order to reduce the burden of the fuel price increments on the general public.

With these efforts, the calculated pump price for PMS is D78.76 and AGO D73.78 respectively.

The government reaffirms its commitment to ensuring that fuel is accessible and cost-effective for the general public. Government also seizes this opportunity to thank all the players in the petroleum products supply chain for their relentless efforts in ensuring that fuel products are sourced for the continued supply in The Gambian market.

As we approach the festivities of Eid, we wish you all a joyous Eid Al-Adha

The Ministry of Petroleum and Energy hosted a validation workshop on the energy efficiency Law(bill) on May 18th 2023 at Tamala Beach Hotel. This workshop brought together relevant stakeholders from various ministries and organizations to discuss and dissect the bill.

Energy is a vital ingredient for the socioeconomic development of any country. Cognizant of this, the government of The Gambia, over the past years has been making significant efforts to provide reliable, adequate, affordable and sustainable energy services to its people. The successful implementation of the Energy efficiency bill is of great importance and a priority to the Ministry of Petroleum and Energy and to all stakeholders.

The formulation of the Energy efficiency bill is supported by World Bank Group and drafted by consultants from the Economic Consulting Associates (ECA) through the Ministry of Petroleum and Energy to develop and implement a comprehensive energy efficiency program for the country.

In the opening ceremony Mr. Matarr Touray, an Energy Specialist from World Bank, spoke on the numerous benefits of energy efficiency especially with the changing electricity tariffs and fluctuating exchange rates. Mr. Touray stated “The law has been developed to inherently feature local context and the development of a robust institutional framework to address pertinent issues as it relates to energy efficiency, these include issues of gender mainstreaming, financing mechanisms and data to ensure that the bill is adequately and appropriately imbedded within the sector”.

In her opening remarks, the Permanent Secretary of the Ministry of Petroleum and Energy, Mrs Amie Njie Joof illuminated on the inefficient use of energy in our day to day lives, like leaving lights and air conditioners on in empty rooms, inefficient practices like these need to be curbed to ensure sustainable use of electricity.

The Permanent Secretary highlighted on the fact that resources are scares and that electricity is not provided to every community in the country, has resulted in the formulation of the policy on energy efficiency and conservation, which promotes the efficient and wise use of energy by every user, to save energy for use by others. As the saying goes, “energy saved is energy produced”.

 PS Njie also added that “since the promulgation of policies on energy efficiency and conservation as part of the National Energy Policy, numerous activities have been carried out on energy efficiency and conservation throughout the country.  Other activities include sensitization on energy efficiency and conservation, replacement of incandescent bulbs with LED bulbs and the promotion and distribution of improved cookstoves and rolling out the National Framework for Leapfrogging to Energy Efficient and Climate Friendly air Conditioners and Refrigerators Project. This project is intended to enhance energy efficiency in the country and ultimately reduce greenhouse gas emissions”.

The Permanent Secretary in her conclusion indicated that the Energy Efficiency Bill once enacted into law, will serve as the bedrock for the country’s energy management system in the country.