Minister of Finance, Economic Affairs, and Primary Sector Geoffrey Wever informs that effective May 13, 2026, the price of gasoline will be Afl. 2.65 per liter and the price of diesel will be Afl. 2.57 per liter. The reduction in excise tax (accijns) to mitigate the drastic rise in the price of oil and petroleum products is incorporated into both prices. Without the decision made by the AVP-FUTURO Cabinet regarding excise duties on gasoline and diesel since April 8, 2026, consumers would have had to pay Afl. 2.89 per liter for gasoline and Afl. 2.95 per liter for diesel.
Calculations by the Department of Economic Affairs, Commerce, and Industry show that starting May 13, the price per liter of gasoline will experience a change from Afl. 2.48 to Afl. 2.65, which is equal to an increase of 17.2 cents per liter (+6.9%). The price per liter of diesel will change from Afl. 2.47 to Afl. 2.57, equal to an increase of 10.5 cents per liter (+2.6%). The price per liter of kerosene will rise from Afl. 2.94 to Afl. 3.02, an increase of 7.6 cents (+2.6%).
The postings—the average price for the month of April as a component in the price structure—show an increase compared to March. The rise in international prices for petroleum products automatically translates into a price hike in Aruba.
As announced in April, the AVP-FUTURO Cabinet is absorbing half of this increase. This means that the excise tax on gasoline has been temporarily reduced by 21.2 cents per liter. The excise tax on diesel has been completely eliminated, dropping from 33.2 cents to 0 cents per liter. The excise tax reduction costs 5.1 million florins for two months. To cover this, the AVP-FUTURO Cabinet, in a collective effort, created the necessary financial room and buffer to absorb the drastic rise in international prices for petroleum products.
Absorbing the impact of war aligns with the 2025–2028 Governing Program. The economic policy goal, as indicated on page 36, is to lower the price of gasoline and diesel by reducing excise duties.
The AVP-FUTURO Cabinet continues to monitor the effect of international petroleum product prices on gasoline and diesel prices for consumers. It will communicate any mitigation decisions in a timely manner within the financial framework and in compliance with the budget standards as dictated by law. The decision to open the Strait of Hormuz remains a determining factor in the daily development and volatility of oil prices.