North Western State of Somalia sets new fuel prices as global oil costs rise
Fuel traders said the figures reflect the real cost of importing, particularly the per-barrel price on international markets, which they noted has climbed sharply in recent weeks. They described the deal as a bid to keep the trade...
Thursday March 26, 2026
Hargeisa (AX) — Drivers and businesses across North Western State of Somalia are facing fresh fuel price hikes after authorities on Wednesday rolled out new official pump rates, pointing to surging global oil prices and tighter supply conditions.
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The revised pricing sets gasoline at 12,500 North Western State of Somalia shillings per liter, while diesel will sell for 10,500 North Western State of Somalia shillings per liter.
Officials said the new rates were agreed after consultations involving the Ministry of Commerce, the Maroodi-jeex regional administration and fuel importers. The decision followed an in-depth market assessment that found a marked rise in the cost of bringing in fuel — a critical issue for North Western State of Somalia, which depends entirely on imported petroleum products.
The governor of Maroodi-jeex region said the updated prices mirror the growing challenge of securing supplies alongside higher procurement costs on international markets. He said the prices will be reviewed on a weekly basis to keep pace with shifts in global benchmarks.
Fuel traders said the figures reflect the real cost of importing, particularly the per-barrel price on international markets, which they noted has climbed sharply in recent weeks. They described the deal as a bid to keep the trade viable while also weighing the public interest.
Oil prices worldwide have been pushed upward by escalating tensions in the Middle East, including conflicts involving major oil-producing countries. The outlook has also been unsettled by worries over the safety of key maritime corridors such as the Strait of Hormuz, a vital chokepoint for global energy shipments.
Analysts say fuel-importing countries, including Somalia, remain especially exposed to external price swings and potential disruptions to shipping routes.
Government officials and business representatives said they will keep tracking market developments and may take further measures, if necessary, to steady supplies and soften the impact on consumers while factoring in broader economic conditions.