Togo: several measures will be introduced to protect consumers against the impacts of rising prices of petroleum products

Economic governance

Tuesday, 29 March 2022 18:39

Togo: several measures will be introduced to protect consumers against the impacts of rising prices of petroleum products

(Togo First) - In response to the increase in fuel prices at the pump this Tuesday, March 29, 2022, the Togolese government will take a series of measures to sustain the purchasing power of Togolese citizens. This was revealed by Kodjo Adedze, Minister of trade and local consumption, during an inter-ministerial press briefing held on Tuesday also, in trio with Akodah Ayewouadan and Atcha-Dedji Affoh, respectively Ministers of Transport and Communication.

"There will be a whole battery of support measures that will follow," the Minister of Trade told journalists.

According to the authorities, these measures are already on the table and should be the subject of future communication.

Besides support mechanisms, the State should tackle speculation and try to cap certain prices. "While implementing new measures to act on prices, there will be other additional elements, in terms of control of commercial actors," said Kodjo Adedze.

Recently, the government announced it will disburse between 40 and 50 billion CFA francs in subsidies to support fuel prices throughout 2022.

Ayi Renaud Dossavi

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