The Ministry of Petroleum, Energy and Mines announced that the retail prices of fuel, diesel and petrol will be increased in August 2026, reversing the decreases made in July.
The ministry announced in a statement on August 1, 2026 that the new pricing were based on its monthly analysis of the domestic fuel market. In the recent pricing cycle, international benchmark prices of refined petroleum products have increased, the report said.
Under the revised structure, the pump price of petrol has increased from D101.10 to D104.18 per liter, representing a rise of D3.08.
The price of diesel has gone up from D113.52 to D116.63 per liter, an increase of D3.11, while kerosene has risen from D95.54 to D99.62 per liter, an increase of D4.08.
The ministry explained that fuel prices are reviewed every month under the government’s petroleum pricing framework.
The pricing mechanism takes into account several factors, including international prices for refined petroleum products, importation costs, foreign exchange rates, statutory taxes and levies, as well as other expenses associated with supplying fuel to the domestic market.
The latest adjustment comes one month after consumers benefited from reductions in fuel prices in July. However, the ministry said the subsequent rise in international petroleum costs made an upward revision necessary for August.
Changes in fuel prices are expected to affect transport operators, businesses, and households, particularly because diesel and petrol costs often influence transportation fares and the prices of goods and services.
The ministry said it would continue monitoring developments in the international oil market and wider economic conditions.
It added that any future adjustments to retail fuel prices The government’s established petroleum pricing mechanism will determine any future adjustments to retail fuel prices, the ministry added. in accordance with the government’s established petroleum pricing mechanism.
