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written in Published in policy.
The National Council for the Defense of the Homeland (CNSP) has announced a reduction in hydrocarbon pump prices, which should bring significant relief to Nigerien consumers. The decision follows a commitment made during the Council of Ministers on June 24, 2024, under the guidance of the Council of Ministers. His Excellency Brigadier General Abdulrahman Tiyani, Chairman of CNSP and Head of State.
New Pricing
From 23 July 2024the price of water pumps nationwide will be adjusted. The new price will be Super 91 is 499 FCFA per litre and diesel is 618 FCFA per litreThe measure is primarily aimed at reducing transport costs, which will have a positive impact on the prices of basic necessities.
Positive economic impact
The government also called on all economic operators to reflect the cost reduction in the sales prices of products and services. This move is seen as a key step to stimulate the economy and increase the purchasing power of citizens.
Surveillance and repressive measures
To ensure the effectiveness of the measure and avoid any fraud, national authorities have been instructed to monitor and deter any attempts at non-compliance. This vigilance ensures that the benefits of lower prices at the pump actually translate into lower costs for the end consumer.
The decline in hydrocarbon prices is a direct response to the economic needs of citizens and part of a broader strategy aimed at stabilizing and revitalizing the national economy.
Boubacar Guédé (Nigerien expatriate)
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