Rwanda Sets New Fuel Prices Amid International Market Volatility

The Regulatory Authority for Rwanda (RURA) has announced revised fuel prices, effective March 5, 2026, which will remain in force for the next two months. Petrol: 1,989 Frw per liter Diesel: 1,948 Frw per liter The new pricing, inclusive of Value Added Tax (VAT), reflects fluctuations in the international oil market, particularly following the US-Iran conflict that temporarily disrupted the Strait of Hormuz, a critical channel for 20% of global oil trade. Minister of Finance and Economic Planning, Yusuf Murangwa, explained that the government is actively supporting fuel traders through financial facilitation, ensuring sufficient reserves to stabilize domestic supply. He noted that if the conflict is short-lived (up to two weeks), the economic impact on Rwanda will be minimal. Murangwa emphasized contingency planning, stating, “If the war continues for more than two weeks or a month, additional measures will be taken to assist oil traders and other essential goods suppliers, preventing further disruption to the Rwandan economy.” The move underscores Rwanda’s proactive approach to energy security and price stability, while mitigating the effects of international geopolitical tensions on domestic markets.