Ver Angola


Fuel subsidies cost 1.2 billion kwanzas to state coffers in 2021

A total of 1.2 billion kwanzas was how much the state spent on fuel subsidies last year. Diesel was the one that gave the most expenses to the State's pockets, which spent 645 billion kwanzas to subsidize it.


In 2021, along with diesel (which cost the State 645 billion kwanzas), the Government spent 358 billion kwanzas subsidizing gasoline.

According to data from a report by the Instituto de Gestão de Activos e Participações do Estado (IGAPE), the remaining amount was used in subsidies for liquefied petroleum gas (LPG) and illuminating oil.

Calculations made by Expansão indicate that in the accumulated data until the last quarter of last year, the average value per liter of gasoline would be around 355 kwanzas. At the gas stations, consumers paid around 160 kwanzas per litre, with the State subsidizing the difference, that is, 195 kwanzas per litre.

As for diesel, the average value per liter would be around 388 kwanzas, with citizens paying 135 kwanzas per liter and the State subsidizing 253 kwanzas per liter.

It should be noted that at the beginning of the week, the President, João Lourenço indicated that gasoline prices could fall in the coming months due to the increase in the supply of refined products.


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