The government raised fuel prices at the end of September in an effort to reduce fuel subsidies. The price increase, which has been under consideration for some time, follows a visit by Naoyuki Shinohara, a deputy managing director at the IMF, who have been vocal in their calls on the Angolan government to cut its subsidy spending. The budget deficit, caused in part by the global fall in oil prices, is also likely to be a contributing factor.
The price of diesel has increased from 40 to 50 US cents per litre, petrol from 62 to 75 cents and kerosene from 26 to 35 cents. Whilst prices remain comparatively low, the increase in price will hit Angola’s poorest populations hardest.
Source: Angola Monitor Issue 4/14
The Angola Monitor covers the politics, economics, development, democracy and human rights of Angola. It is published quarterly by Action for Southern Africa (ACTSA).
This issue covers:
Political News: State of the Nation; Census figures announced; Local government elections delayed; Falling oil prices reduce public spending; Angola elected to UN Security Council; Luanda gets new governor.
Economic News: Angola set to become largest oil producer in sub Saharan Africa; US regulator may bring charges over alleged oil corruption; Government reduces fuel subsidies; Major telecommunication upgrade announced; National airline TAAG enters partnership with Emirates; Government bond rating upgraded.
Human Rights News: Amnesty International accuse government of demonstration ban; Final refugees returning to Angola; NGOs call on SADC to address human rights violations; Government claims it respects free speech and the right to protest.
Aid and Development News: Redevelopment of Angola’s largest railway complete; European Union invests 20 million Euros in landmine clearing; Drought response receives support from Japan.
This issue is also available in Portuguese.
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