Gabon's Council of Ministers met to address recent fuel shortages and rising stabilization subsidies, which reached 30 billion CFA francs in September 2026 due to Middle East tensions.
Key points
- President Brice Clotaire Oligui Nguema directed the government to explore reducing or eliminating the fuel price stabilization mechanism to protect public investments in health and education.
- Authorities plan to modernize the Société Gabonaise de Raffinage (SOGARA), build a new refinery, and increase safety stocks to secure national energy supplies.
- The government cracked down on illicit fuel reselling and mandated continuous service at gas stations across the Greater Libreville area.
Why it matters
Spiking fuel subsidies resulting from international crises are heavily straining public finances and crowding out essential development investments, prompting the Gabonese government to consider long-term structural energy reforms.
Comments
No comments yet.