Fuel prices in the country will increase, but not immediately, following the end of government subsidies. The Ministry of Energy and Mines (MEM) clarified that the price hike will depend on how quickly individual gas stations sell through their existing, subsidized fuel stocks. Gas station owners are warning consumers to expect a gradual increase in prices as those inventories are depleted. The timing of price increases will therefore vary from station to station. This phased approach is intended to mitigate the immediate shock of subsidy removal on consumers. The MEM anticipates a smooth transition, despite potential regional variations in price adjustments. Ultimately, the market will determine the final price once subsidized fuel is exhausted.