[REVISION HISTORY]

Global energy and fuel price increases

Updated 8 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-02 02:44 UTC → 2026-09-13 19:55 UTC · added ~~removed~~

Global energy and fuel costs continue to rise due to international market volatility and geopolitical tensions, particularly in the Middle East and near the Strait of Hormuz. ~~In Burkina Faso,~~ US strikes on Iranian targets have sparked fears of disruptions in the ~~government increased diesel~~ Strait of Hormuz, causing Brent crude and natural gas prices ~~from 675 FCFA~~ to ~~750 FCFA per liter, citing a~~ increase sharply, with European gas futures reaching their highest levels since early 2023. In West Africa, rising ~~US dollar~~ oil prices are straining national budgets and ~~Middle East tensions. Officials also noted significant budget risks from~~ household purchasing power. In Togo, increased fuel ~~smuggling, estimated at 70 billion FCFA. To mitigate market speculation, authorities implemented price caps on essential goods like rice, oil,~~ costs are driving up transportation and ~~cement, threatening non-compliant traders with community service. Senegal implemented fuel price increases on August 15, 2026, raising supercarburant~~ food expenses, forcing families to ~~990 FCFA per liter~~ reduce food quantities and ~~diesel~~ leaving transport workers struggling to ~~755 FCFA per liter. The government reported absorbing over 245 billion FCFA in subsidies since the start of~~ balance operational costs against customer affordability. In Senegal, the ~~year, warning that without adjustments, total subsidies could have reached 1,069 billion FCFA. While political leader Ousmane Sonko criticized~~ International Monetary Fund (IMF) has expressed concern regarding the ~~move as a form~~ fiscal burden of ~~‘structural adjustment’, the Union des routiers du Sénégal urged transporters to absorb costs~~ non-targeted energy subsidies. The IMF is working with Senegalese authorities on an economic reform program, supported by a potential $2.2 billion Extended Credit Facility, to ~~protect households. In Côte d'Ivoire, fuel prices saw upward~~ restore fiscal viability through measures such as reducing or removing these subsidies. Regional price adjustments persist: in ~~August, with diesel rising from 700 FCFA to 725 FCFA. As of September 1, 2026, the market remains unstable due to logistical constraints and Middle East tensions affecting global oil supplies. In~~ Morocco, diesel prices ~~are set to rise~~ rose by 0.06 dirhams per ~~liter effective September 1, 2026, despite recent weekly declines~~ liter, while in ~~Brent crude and WTI prices. In~~ Mayotte, significant ~~hikes are affecting~~ increases have been reported across all regulated petroleum ~~products;~~ products, including diesel ~~is increasing by 14 centimes to 2 euros per liter,~~ and cooking gas. In Côte d'Ivoire, while ~~supercharged gasoline has~~ fuel prices saw upward adjustments in August, the government also ~~crossed~~ announced that the 2-euro threshold. Authorities attribute these increases to geopolitical tensions and higher maritime transport costs. Recent volatility has been exacerbated by US strikes on Iranian targets, sparking fears of disruptions in guaranteed purchase price for cocoa will remain at 1,200 FCFA per kilogram for the ~~Strait of Hormuz.~~ 2026/2027 campaign to maintain financial sustainability.

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