Fuel price support in 2026

The Guinean government has allocated 5489.7 billion Guinea francs (621 million dollars), or nearly 10% of expected tax revenues, to support fuel prices in 2026. This budgetary effort aims to maintain the price per liter at 12,000 GNF, in an international context marked by geopolitical tensions and volatility in energy prices.

Economic context and growth

The policy is part of a context marked by a slowdown in inflation and an economic growth expected to reach 8.6% in 2026. The 2026 amended budget bill (PLFR) was presented to deputies on October 24 by the minister of Economy, Finance and Budget, Mariama Ciré Sylla, who noted that this measure aimed to limit the impact of rising energy prices on the population.

Health and infrastructure investments

Support for fuel prices is accompanied by other expenditures aimed at improving living conditions for households. The PLFR includes support for 455 health centers and 2,514 health posts, as well as funding for 1,600 water points across the territory. Transfers to rural communes are also expected to increase by 110%.

Slowing inflation and price changes

These measures are taking place as the rise in consumer prices slows in Guinea. According to national data cited for September 2026, the annual inflation rate stood at 5.9%, compared to 6.4% in July of the same year. Between September 2025 and September 2026, transport prices increased by 0.1%. Conversely, the category "housing, water, electricity, gas and other fuels" recorded a decrease of 1.4%.

Tax revenues and budget deficit

The government also highlights the improvement in public resource mobilization. According to figures presented by the minister, tax revenues increased by 8%, while the tax burden reached 14.2% of gross domestic product (GDP), compared to an initial forecast of 12.9%. The budget deficit is estimated at 2.01% of GDP.

International financial support

In terms of financing, the services of the International Monetary Fund (IMF) have concluded an agreement at the service level with Guinean authorities for a 41-month program worth 425 million dollars. This agreement remains subject to approval procedures by the Fund. Additional budgetary support is also being prepared with the World Bank and the African Development Bank.