Luanda - Fuel subsidies consumed, from the State coffers, kz 1.9 billion in 2022, an increase of kz 752.46 million compared to 2021.
The total costs incurred with the acquisition of oil by-products stood at Kz 2.58 billion, against Kz 1.7 billion in 2021, an increase of kz 859.77 million compared to 2021.
In that period, the country acquired 4,667 million metric tons of oil by-products, compared to 3.995 million in 2021, according to the 2022 annual report, published on the portal of the Institute of Management and State Assets (IGAPE), attached to the Ministry of Finance reached ANGOP.
The source states that this is the subsidy of 3.038 million metric tons (MT) of diesel, 1.182 million MT of gasoline, 307 million MT of liquefied petroleum gas (LPG) and 68.97 million of kerosene.
These are the quantities internally and externally acquired and sold in 2022.
IGAPE's mission is to support the Executive in coordinating income policy, subsidy prices.
The Angolan Government continues to study the social impact of withdrawing fuel subsidies.
In December 2022, the minister of Finance, Vera Daves, said that the country is negotiating with international partners adequate compensation for the removal of state subsidies on fuel prices, a political decision that has not yet been taken.
A liter of gasoline in Angola is being sold for 160 kwanzas, while diesel costs Kz 135, the lowest in the SADC region.
