Rédaction Africa Links 24 with Burundi Times
Published on 2024-02-20 10:15:45
Burundi’s Minister of Energy and Mines, Ibrahim Uwizeye, announced a significant drop in fuel prices in the country. This decrease in prices is the result of the decline in the global prices of petroleum products and a decrease in the costs of transporting these products by boats from the refineries to the port of Dar Es Salam for deliveries in February 2024.
The government decided to revise the consumer price of fuel in response to the drop in the global market for fuel prices. As a result, the price of petrol in Burundi dropped from 4350 Bif to 4000 Bif per liter, while diesel dropped to 3925 Bif/liter and kerosene stood at 3905 Bif per liter.
This announcement comes as the country is grappling with high inflation, which spiked since last year. According to the country’s Central Bank (BRB), the inflation rate in Burundi currently stands at 27 percent, the highest the country has experienced since 2009.
The decrease in fuel prices will likely have a positive impact on the overall cost of living for citizens. Lower fuel prices can translate to reduced transportation costs, which can lower the prices of goods and services, ultimately helping to alleviate the economic strain on individuals and families.
Additionally, lower fuel prices can also positively impact businesses, as transportation and operational costs decrease. This can lead to increased productivity and potentially encourage investment and job creation in the country.
It is important for the government to continue monitoring the impact of the fuel price drop on the economy and take necessary measures to ensure that the benefits are felt by all sectors of society.
The decrease in fuel prices can also have environmental benefits by potentially reducing the demand for fuel and lowering carbon emissions. This can contribute to efforts to mitigate climate change and promote a more sustainable future.
Overall, the drop in fuel prices in Burundi is a positive development for the country, and it is crucial for the government to continue implementing policies that support economic stability and address the needs of its citizens. By keeping fuel prices affordable and managing inflation, Burundi can work towards creating a more prosperous and sustainable future for all.
Read the original article on Burundi Times
