01.26.09
Seychelles gas and petrol prices are lowest since 1990
According to the announcement made by the Seychelles Petroleum Company on January 19, petrol and cooking gas prices have decreased to the lowest level since 1990.
Deputy chief executive Eddie Belle of the Seychelles Petroleum Company said that “the price of petrol at the pump has gone down from 17.50 rupees in December or USD 1 to R15 which is USD 86, and the price of cooking gas has also dropped from SR17.50 to SR15 per kilo”. According to him, “the devaluation of the rupee recently gives the perception that the prices of petroleum products have increased enormously in recent years but if one compares the prices over the years using the currency that this product is bought in, one finds the prices have actually decreased over the years”.
The Seychelles rupee dived against hard currencies in November when it was floated raising prices of all items to unprecedented levels, but Mr Belle showed a table comparing Seychelles current prices of petrol at the pump with those of many European and African countries saying his country’s rates are among the lowest in the world save for those offered by countries like the US, South Africa, Thailand and Australia.
He also produced the tables below showing old, new and “historical” prices.