The Minister of Commerce Promises More Subsidized Products to Protect Purchasing Power
On April 16, 2026, during a press conference in Ebène, Minister of Commerce and Consumer Protection Michaël Sik Yuen addressed the recent rise in oil prices. He explained that the increases are due to the global rise in oil prices linked to ongoing geopolitical tensions. He also reaffirmed the government's commitment to maintaining supply and ensuring price stability of essential goods.
The minister noted that the Petroleum Pricing Committee (PPC) met on March 2, March 24, and April 15, 2026, to review retail fuel prices. Following these meetings, the committee recommended increasing the price of Mogas (gasoline) from Rs 58.45 to Rs 64.25 per liter and diesel from Rs 64.80 to Rs 71.25 per liter. These adjustments reflect global oil price trends and an estimated deficit of Rs 3.2 billion in the Price Stabilization Account (PSA).
The revised prices were calculated based on actual figures from January to March 2026 and projected costs from April to June 2026, and took effect at midnight on April 16, 2026. Regarding fuel availability, Michaël Sik Yuen assured the public that stock levels remain adequate following recent deliveries to Mauritius on April 15, 2026. Current reserves are sufficient for 39 days for Mogas, 41 days for diesel, 31 days for Jet A1, 17 days for marine gas oil, and between 22 and 38 days for various types of fuel oil. Liquefied gas stocks are estimated to last for 49 days.
Concerning Rodrigues, he indicated that fuel stocks currently cover 22 days, with additional supplies expected from a ship arriving on Sunday. He emphasized that the situation is under control and closely monitored, noting that additional fuel orders have already been placed in response to the crisis. He also acknowledged that panic buying has contributed to the recent pressures.
In response to calls for reducing taxes and excise duties, the minister explained that such measures are not feasible as they would negatively impact the prices of subsidized goods. In response to the recent price increase of bread, he announced that individuals registered in the Mauritius Social Register will receive financial assistance of Rs 121 per beneficiary.
Michaël Sik Yuen also warned against abuses and unfair practices, reiterating the government's commitment to transparency. He highlighted that a crisis committee has been established to monitor developments related to the conflict and its impact on the Mauritian economy and society. Furthermore, his ministry is working on expanding the list of subsidized products.
He further noted that price controls and maximum profit margins have been implemented on approximately 25,000 items, with details available on the Price Fixing Unit's website (pfu.govmu.org). The Minister of Commerce expressed hope for a resolution to the ongoing conflict and reaffirmed the government’s continuous efforts to ensure stable supplies and maintain price stability in Mauritius.
