[Fuel Price Increase] Michael Sik Yuen: "Taxes are used to subsidize basic products and other social benefits"
At a press conference held on Thursday in Ebène, the Minister of Commerce and Consumer Protection, Michaël Sik Yuen, addressed the rise in fuel prices and the current stock situation in Mauritius amid international geopolitical tensions.
The Minister explained that the recent increase in pump prices is directly related to the rise in global oil prices. The Petroleum Pricing Committee (PPC), which met three times—on March 2, March 24, and April 15, 2026—recommended a tariff adjustment. The price of petrol (Mogas) increased from Rs 58.45 to Rs 64.25 per liter, while diesel (Gas Oil) rose from Rs 64.80 to Rs 71.25. These new prices took effect at midnight on April 16 and reflect both international trends and an estimated deficit of Rs 3.2 billion in the Price Stabilisation Account (PSA).
Regarding supply, Michaël Sik Yuen reassured the public that current reserves are adequate following deliveries made on April 15: 39 days for petrol, 41 days for diesel, 31 days for Jet A1, 17 days for Marine Gas Oil, and between 22 to 38 days for various types of fuel oil. Liquefied gas stocks are sufficient for approximately 49 days of consumption.
In Rodrigues, available reserves can cover 22 days, with a resupply expected upon the arrival of a ship scheduled for Sunday.
The Minister emphasized that the situation remains "under control," although it is being closely monitored by authorities. New orders have already been placed to anticipate any disruptions, while acknowledging that precautionary purchases have recently put additional pressure on demand.
In response to calls for a reduction in taxes and excise duties, he stated that such measures are not feasible due to their potential impact on funding subsidized products.
Regarding the increase in bread prices, financial assistance of Rs 121 per beneficiary will be provided to individuals registered in Mauritius's social registry.
Moreover, the Minister warned against abusive practices and reaffirmed the government's commitment to transparency. A crisis committee has been established to monitor the international situation and its local repercussions. At the same time, authorities are working to expand the list of subsidized products.
Finally, he reminded that approximately 25,000 products are currently subject to price controls and maximum margins, with details available on the Price Fixing Unit's website.
In conclusion, Michaël Sik Yuen expressed hope for a de-escalation of international tensions while assuring that the government remains committed to ensuring supply and maintaining price stability in Mauritius.
