Sahel Edition

West Africa: Despite Record Oil Production, Senegal Faces Fuel Price PressureF

Posted On 31 May 2025

Number of times this article was read : 1967

In Senegal, drivers are feeling the pinch as fuel prices soar to the highest levels in the entire WAEMU region—even though the country pumped out 16 million barrels of oil in 2024. Behind the wheel and across the economy, frustration is building. Many point to the steep taxes—almost half the price at the pump—as a major factor, especially compared to what’s paid in neighboring countries. Government officials say relief is coming, thanks to plans to process oil locally and tap into natural gas reserves. But on the streets, there’s doubt. With living costs climbing and no visible change in sight, talk of strikes is starting to surface.

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