Ver Angola


President approves withdrawal of gasoline subsidies and ends exemptions

The President of the Republic took another step in removing fuel subsidies by ending the exemptions granted to some professional classes, as of April 30, according to a decree published in Diário da República.


The Government announced on June 1st last year, the gradual withdrawal of the fuel subsidy, which started with gasoline, but exempted some economic activities.

These included family agropastoral activities, artisanal fishing, taxi drivers and motorcycle taxi drivers, through the delivery of cards with a daily limit of 7000 kwanzas to cover the difference between the 160 kwanzas per liter that gasoline costs and the current 300 kwanzas.

According to the presidential decree published this Thursday, the cap on gasoline subsidy cards will be removed by April 30th.

The diploma justifies the elimination of this mitigation measure with "the need to safeguard the purposes and effects of the reform of fuel prices, prevent distortions in price formation and guarantee the sustainability of public finances".

In 2022, the subsidy on fuel prices amounted to around 1.98 billion kwanzas.


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