The Ministry of Foreign Affairs, International Business, Trade and Energy has announced that new prices for petroleum products will take effect today, Monday, 30th March 2026.
The ministry stated that these adjustments are being made within the context of heightened volatility in international energy markets, driven by the ongoing geopolitical tensions and conflict in the Middle East, a region that remains central to global oil production and supply.
According to a press release, the recent upward pressure on world crude oil prices have contributed to global supply uncertainties, increased insurance and transportation costs, all of which directly influence the landed cost of petroleum products in small island developing states like Dominica.
It added that despite these external pressures, the government continues to carefully manage domestic fuel pricing to ensure fairness, stability and transparency, while balancing the need to shield consumers from sharp fluctuations.
Minister for Foreign Affairs, International Business, Trade and Energy Dr Vince Henderson stated that the current global energy environment underscores the vulnerability of small island developing states to external shocks.
He added that the ongoing tensions in the Middle East continue to exert upward pressure on oil markets, and while these factors are beyond our control, the government remains resolute in its commitment to managing domestic prices in a responsible and balanced manner.
The minister further stated that at the same time, the government is accelerating Dominica’s transition towards renewable energy, to reduce long-term exposure to imported fuel volatility and to strengthen national energy security.
The press release also stated that the government remains actively engaged in monitoring international developments, including geopolitical risks affecting energy supply chains, and will continue to take prudent measures to mitigate the impact on households and businesses.
