Fuel prices in Sudan for the month of March 2023 are scheduled to witness a decline in the price of gasoline and diesel.
Today, Wednesday, March 1, the Ministry of Energy and Oil announced the reduction of gasoline prices in Sudan by about 27 Sudanese pounds ($0.046) per liter, and diesel by 28 Sudanese pounds ($0.047).
The ministry said – in a statement, of which the specialized energy platform obtained a copy – that the decision to move fuel prices in Sudan came after the monthly review of global oil prices.
Gasoline prices in Sudan, March 2023
The Ministry of Oil and Energy decided to adjust the prices of petroleum products (gasoline and diesel), starting from the morning of Saturday, March 4, 2023.
The fuel prices in Sudan for the month of March 2023 – which are to be implemented in the stations of Khartoum state – are as follows:
- Reducing the price of a liter of petrol to 520 instead of 547 pounds.
- Reducing the price of a liter of gasoline (diesel) to 600 pounds instead of 628 pounds.
The value of the new fuel prices does not include the state fee, which is estimated at 8 pounds/liter.
* (US dollar = 591.5 Sudanese pounds)
Fuel pricing mechanism in Sudan
The Sudanese Ministry of Oil and Energy indicated that the movement of fuel prices came within the framework of the monthly price review policy, according to the international prices of petroleum products and the cost of local production.
She indicated that the pricing of the state of Khartoum will be a reference for all states of Sudan, according to the data seen by the specialized energy platform.
The reduction in fuel prices in Sudan for the month of March 2023 comes after oil prices recorded a decline in February compared to their levels in January.
Brent and West Texas Intermediate crude futures ended February with monthly losses of 0.7% and 2.3%, respectively.
The Ministry of Energy and Oil stated that pricing is based on the average international oil prices according to the pricing date, indicating its commitment to the service line for the benefit of the citizen, and confirming the stable availability of all petroleum products in the local market.
The pricing process is subject – according to the decision to cancel subsidies – to the import cost, which constitutes between 71% and 75% of the fuel price, in addition to transportation costs, port fees, value-added tax, and the profit margin of the distribution companies, and these costs together constitute between 25% and 29% of the fuel price. Selling to the consumer.
Sudan fuel crisis
The decline in fuel prices in Sudan – also – came in an attempt to absorb popular anger, after the country faced, during the past two weeks, a major crisis in the shortage of oil derivatives in most of the country’s gas stations.
The fuel crisis that hit all parts of Sudan for about two weeks led to an almost complete paralysis of movement and transportation, and queues of cars appeared in various states of Sudan around service stations in order to obtain fuel.
It is noteworthy that Khartoum has worked since June 2021 to completely liberalize fuel prices in Sudan, with companies importing oil derivatives fixing the price from time to time.
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