Togo's draft revised 2026 budget raises the allocation for fuel subsidies by 20bn FCFA (€30.5mn) to 34.2bn FCFA (€52.1mn), Togo First reported on November 4. That is above the nearly 25bn FCFA (€38.1mn) set aside in 2025. The government has raised pump prices twice this year, on May 27 and September 11, taking super unleaded to 817 FCFA (€1.25) a liter from 680 FCFA in January.
Analysis: The revision more than doubles the original allocation of 14.2bn FCFA (€21.6mn). The new amount equals about 94mn FCFA (€143,000) a day, by our calculation. Pump prices have still risen much faster than other prices. Super unleaded is up 20.1% since January and diesel 10.2%, against annual consumer inflation of 2.4% in September, statistics agency INSEED data show. That suggests the state is sharing higher oil costs with motorists rather than absorbing them, although no per-liter subsidy figure has been published. Transport operators and firms running generators bear the rest. Parliament has yet to vote the revised budget, and INSEED's October inflation figure is expected around mid-November.
Source: Togo First (Groupe Ecofin), Togo First, 'Togo Plans CFAF 20 Billion Increase in Fuel Subsidies Amid Rising Oil Prices' (November 4, 2026), FY2026 (revised draft); Government of Togo (republicoftogo.com), République Togolaise, 21 January 2026 (citing budget forecasts), FY2026; Government of Togo (republicoftogo.com), République Togolaise, 21 January 2026, FY2025 and January 2026; Government of Togo (republicoftogo.com), République Togolaise (republicoftogo.com), « Subventions pétrolières : l’État choisit l’équilibre », 21 January 2026, January 2026; Togo First (Groupe Ecofin), Government fuel price adjustment, reported by Togo First in IHPC article, From 11 September 2026; Togo First (Groupe Ecofin), Government fuel price adjustment, reported by Togo First, From 11 September 2026; Institut National de la Statistique et des Études Économiques et Démographiques (INSEED), INSEED IHPC septembre 2026, September 2026