Minister Sik Yuen provides update on Fuel Stocks and Supply amid Global Tensions

The Minister of Commerce and Consumer Protection, Mr John Michaël Tzoun Sao Yeung Sik Yuen, during a press conference held this afternoon in Ebène, dwelt on the recent rise in petroleum prices, explaining that the increases are driven by higher global oil prices linked to ongoing geopolitical tensions. He also reaffirmed Government’s commitment to maintaining supply and ensuring price stability across essential products.

The Minister noted that the Petroleum Pricing Committee (PPC) convened on 02 March, 24 March, and 15 April 2026 to review retail fuel prices. Following these meetings, the Committee recommended increasing the price of Mogas (petrol) from Rs 58.45 to Rs 64.25 per litre and Gas Oil (diesel) from Rs 64.80 to Rs 71.25 per litre. These adjustments reflect trends in global oil prices as well as an estimated deficit of Rs 3.2 billion in the Price Stabilisation Account (PSA). The revised prices were calculated based on actual figures from January to March 2026 and projected costs for April to June 2026, and came into effect at midnight on 16 April 2026.

On fuel availability, the Minister reassured the public that stock levels remain adequate following recent deliveries to Mauritius on 15 April 2026. Current reserves stand at 39 days for Mogas, 41 days for diesel, 31 days for Jet A1, 17 days for Marine Gas Oil, and between 22 to 38 days for different types of fuel oil. Liquefied gas stocks are estimated to last 49 days.

Regarding Rodrigues, he indicated that fuel stocks currently cover 22 days, with additional supplies expected following the arrival of a vessel scheduled for Sunday.

He emphasised that the situation remains under control and is being closely monitored, noting that further fuel orders have already been placed in response to the crisis. He also acknowledged that panic buying has contributed to recent pressures.

Addressing calls for tax and excise duty reductions, the Minister explained that such measures are not feasible as they would negatively impact the pricing of subsidised goods.

In response to the recent increase in bread prices, he announced that individuals registered under the Social Register of Mauritius will receive financial assistance of Rs 121 per beneficiary.

Minister Sik Yuen also warned against abuses and unfair practices, reiterating the Government’s commitment to transparency. He highlighted that a crisis committee has been set up to monitor developments related to the conflict and its impact on the Mauritian economy and society. Additionally, his Ministry is working to expand the list of subsidised products.

He further noted that price controls and maximum mark-ups have been implemented on approximately 25,000 items, with details available on the Price Fixing Unit’s website (pfu.govmu.org).

The Minister expressed hope for a resolution to the ongoing conflict and reaffirmed Government’s continued efforts to ensure stable supplies and maintain price stability in Mauritius.

16 April 2026

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Topics: Commerce