Reduce the Cost of Living
Lower prices, fairer trade, real relief
SUM will bring down the cost of living by capping the profit of the state trading company, halving the fuel tax paid by local consumers, and paying a Family Assistance Credit to the households that need it most.
The problem
Families are working harder and keeping less. The price of rice, flour, oil and fuel has climbed while wages have stood still. Too much of that price is not the world market. It is profit taken along the way, and tax added at the pump. A government that is serious about its people starts here, because nothing else it promises matters if a family cannot afford the week.
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What SUM will do
Cap STC profit at ten percent
The Seychelles Trading Company will be capped at a ten percent margin on essential goods, with independent audits of procurement so savings reach the shelf, not the middle.
Halve the fuel tax for locals
The tax on petrol and diesel at the pump will be cut by fifty percent for domestic consumers. Transport and the price of nearly everything falls with it. International vessels, yachts and aircraft keep their current rate.
Family Assistance Credit
A transparent monthly credit for households earning under SCR 8,500, scaled to the number of dependents, reviewed against inflation so it keeps its value.
Source food from the region
Direct trade agreements with partner nations nearby to cut shipping cost, keep food fresher, and stabilise the price of staples.
How it works, step by step
Pass the cap and the cut early
The ten percent ceiling on the state trading company and the fifty percent cut to the local fuel tax are legislated in the first session, so relief starts to show at the shop and the pump within months, not years.
Open the Family Assistance Credit
A household under the income line applies once. The amount scales with the number of dependents and is reviewed against inflation every year, so it keeps its value instead of quietly shrinking.
Audit the supply chain
Independent audits follow the money from the ship to the shelf, so the saving from the cap reaches the customer rather than being taken somewhere along the way.
Sign regional food agreements
Direct trade with nearby producers shortens the route, keeps staples fresher, and steadies the price of rice, flour and cooking oil.
In real life
Lower prices at the shop and the pump, direct help for the families under the most strain, and a food supply that no longer depends on the longest and most expensive routes. Relief that a household can feel in the first months, not the first term.
The halved fuel tax lowers the bus fare and the cost of everything trucked to the shop. If the household earns under SCR 8,500, a monthly credit lands on top, scaled to the children at home.
Free daycare returns between SCR 1,500 and 3,000 to the household every month, money that today goes straight out the door to childcare.
Lower fuel and food prices stretch a fixed pension further, and the regional food deals steady the cost of the weekly basket.
The fuel measure is a tax cut for residents, and it is paid for by holding the current rate on international vessels, yachts and aircraft, which are the heaviest users of fuel in Seychelles. The Family Credit is funded by aiming help at the households that actually need it, instead of spreading thin subsidies across everyone, and by the money an audited state trading company stops losing inside its own procurement.
On this article
Will cutting the fuel tax help everyone or only drivers?
Everyone. Fuel sits inside the price of almost every good and service because it moves them. Lower fuel means lower transport cost, which means lower prices across the shops, not only cheaper petrol.
How is the Family Assistance Credit different from existing welfare?
It is transparent and rules-based. Eligibility is a clear income line, the amount scales with household size, and it is reviewed against the real cost of living rather than left to erode.
Does the fuel tax cut apply to tourists and foreign vessels?
No. The cut is for Seychellois drivers and households. International vessels, yachts and aircraft keep the current rate, and that is part of how the measure pays for itself.
What stops the Family Credit from being eaten by inflation?
It is reviewed against the cost of living every year. A credit that is not indexed slowly loses its worth, so indexing is built into the design from the start.
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