Motorists in Gabon are facing another hike in fuel prices, effective November 1, 2026 with the price of a litre of gasoline has risen from 595 to 735 CFA francs, while the price of diesel has increased from 575 to 705 CFA francs.
This price adjustment comes amid pressure on public finances, as the government seeks to gradually reduce the cost of petroleum subsidies.
Fuel prices in Gabon have seen a further increase. As of November 1, 2026, a litre of gasoline is being sold for 735 CFA francs – up from 595 CFA francs – an increase of 140 CFA francs.
Meanwhile, the price of diesel has risen from 575 to 705 CFA francs per litre, an increase of 130 CFA francs.
According to reports from the Gabonese Press Agency (AGP), these new rates represent increases of 23.5% for gasoline and 22.6% for diesel.
The prices for industrial-use fuels have also been raised. A litre of gasoline is now set at 1,060 CFA francs, diesel at 1,310 CFA francs, and industrial kerosene at 930 CFA francs.
However, some products remain unaffected by this adjustment. The price of a 12.5 kg cylinder of butane gas remains unchanged at 4,950 CFA francs, and the price of a litre of kerosene (for lighting/domestic use) stays at 450 CFA francs – a measure intended to protect household purchasing power.
This price hike occurs against a backdrop of rising costs for petroleum subsidies, which are borne by the state. For the month of September 2026 alone, the cost to the public treasury reached 30 billion CFA francs, compared to a monthly average of 7 to 9 billion CFA francs prior to the outbreak of the war in Ukraine.
Through this price revision, the Gabonese authorities intend to gradually implement the directives of the President of the Republic, Brice Clotaire Oligui Nguema, which aim to lighten the burden of petroleum subsidies on public finances while maintaining protection for certain essential products.
For several years, Gabon has employed a price stabilization mechanism for petroleum products to limit the impact of international market fluctuations on consumers.
However, this system represents a significant burden on public finances, particularly following the rise in energy prices that ensued from the war in Ukraine in 2022.
Faced with mounting expenditures linked to these subsidies, the authorities have initiated a policy to progressively reduce their weight within the state budget.
The new pricing structure, which came into effect on November 1, 2026, is part of this approach; it includes an increase in fuel prices while keeping the costs of butane gas and kerosene unchanged.
DM/te/Sf/fss/gik/APA