New increase in fuel prices: a liter of gasoline goes to Rs 64.25, diesel to Rs 71.25

New increase in fuel prices in Mauritius. At the end of its meeting held this Wednesday, the Petroleum Pricing Committee (PPC) recommended an increase in the prices of gasoline and diesel, which will come into force from midnight on the night of April 15 to 16.

Thus, the price of gasoline (Mogas) will increase from Rs 58.45 to Rs 64.25 per liter, while that of diesel (Gas Oil) will increase from Rs 64.80 to Rs 71.25 per liter. This revision represents a maximum increase of 10%, in accordance with the regulatory provisions in force when the calculated increases exceed this threshold.

According to the PPC, this decision is based on the evolution of world prices of petroleum products as well as on the financial situation of the Price Stabilization Account (PSA), which shows a deficit estimated at Rs 3.2 billion. Calculations carried out by the committee show that the theoretical increases would have been significantly greater, reaching around 20.29% for gasoline and 34.44% for diesel. However, the capping mechanism limited the effective increase to 10%.

The reference price for gasoline was established at US$973.39 per metric ton, based on actual prices observed between January and March 2026 and projections for the period from April to June. For diesel, the reference price was set at 186.61 US dollars per barrel. The exchange rate used for these calculations is Rs 46.7014 per US dollar.

The press release also highlights the progressive deterioration of the Price Stabilization Account over recent years. The table in the document shows that after a relative improvement in 2025, the deficit widened again in 2026, reaching more than Rs 3.2 billion in mid-April, mainly due to the continued rise in international prices and the maintenance of domestic prices below real costs for an extended period.

In this context, the authorities explain that the price adjustment aims to partially restore the financial balance of the system while respecting the existing regulatory framework. Despite this increase, part of the real cost continues to be absorbed in order to avoid an even greater impact on consumers.

This new increase comes in an economic climate already marked by inflationary pressures and recent adjustments on other products and services, while a revision of fuel prices had already taken place during a previous meeting of Petroleum Pricing Committee on March 24, 2026, reinforcing concerns about the evolution of the cost of living in the weeks to come.

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