Facebook Bankable LinkedIn Bankable
Twitter Bankable WhatsApp Bankable
Bankable
Bankable

MOST READ

African Economies

Fuel Prices in Kindu Soar 66% Above Official Cap

Fuel Prices in Kindu Soar 66% Above Official Cap

In Kindu, capital of Maniema province, fuel prices have soared. Dealers currently sell one litre of fuel at 10,000 Congolese francs (CF), over 66% above the official price of 6,000 CF set by provincial authorities. This official price, established by a governor's decree, covers all logistical and economic costs but is being widely ignored.

Local authorities claim the price hike lacks justification. Yet, testimonies collected by the Congolese Press Agency (ACP) reveal a different story. Dealers, called "Gaddafis," suspended their activities to protest a sharp increase in taxes. The provincial government imposed a conventional fee of FC 75,000 per barrel, which dealers say makes business unsustainable.

The fuel crisis sparked a backlash. On 25 July 2025, motorbike unions organised a protest march across several roads in Kindu. They demanded strict enforcement of the official fuel price, reflecting local frustrations with rising costs.

To cool tensions, the provincial Ministry of Hydrocarbons opened talks with the fuel operators. Georges Mukunguzi Kandolo, Director of Cabinet at the Ministry, warned that authorities might impose measures if retailers fail to justify price increases. He stressed that fuel, as a strategic product, must not be subject to unilateral price hikes.

Meanwhile, the provincial government announced it would intensify inspections and controls. It aims to crack down on speculation and restore order to the fuel supply chain.

 Ronsard Luabeya, intern

Subscribe to our newsletter (free)

Receive daily news and analyses from the Bankable editorial team.

 
 
kawtar-raji-asmex-the-drc-is-a-demanding-market-that-takes-time-to-build
The Moroccan Confederation of Exporters (ASMEX), which represents over 600 companies, recently concluded a high-level trade mission to Kinshasa from...
yannick-mbiya-a-15-year-insider-named-to-lead-trust-merchant-bank
Trust Merchant Bank (TMB), a subsidiary of Kenya’s KCB Group, has appointed Yannick Mbiya Ngandu as managing director, according to a statement released...
uba-appoints-michael-kayembe-as-ceo-of-dr-congo-subsidiary
UBA appointed Congolese banker Michael Kayembe as chief executive of its DR Congo subsidiary. The move followed UBA’s strategy to localize management...
alain-lubamba-says-drc-u-s-deal-represents-a-civilizational-opportunity
A strategic minerals partnership signed on December 4, 2025, moves into its operational phase. Alain Lubamba says the deal could help the DRC convert...

African Economies

MOST READ

Please publish modules in offcanvas position.