Senegal

Senegal is highly vulnerable to the current global oil crisis, importing 100% of its petroleum needs with only 18 days of gasoline reserves. This has pushed gasoline prices to $1.18/L, contributing to moderate food risk and a sharp 68% increase in fertilizer costs. While new offshore oil production is anticipated, it is not yet operational to mitigate current impacts. The immediate outlook remains challenging, with continued reliance on volatile international markets and potential for further price hikes.