Senegal faces $2bn fuel subsidy shortfall amid oil surge

Senegal’s fuel subsidy bill could exceed its 2026 budget allocation by as much as CFA1.15-trillion ($2bn or R32.82bn) if oil prices rise to $115 per barrel during the Iran war, finance minister Cheikh Diba said on Friday.

Senegal faces $2bn fuel subsidy shortfall amid oil surge
Senegal’s fuel subsidy bill could exceed its 2026 budget allocation by as much as CFA1.15-trillion ($2bn or R32.82bn) if oil prices rise to $115 per barrel during the Iran war, finance minister Cheikh Diba said on Friday.