Ver Angola


Government foresees full liberalization of fuel prices from 2025

The Government will liberalize fuel prices, in a phased manner, until 2025, starting with the partial removal of gasoline subsidies, the price of which will be “free and floating” as early as next year.


According to a press release from the Ministry of Finance (Minfin), the Government's Strategy for the Reform of Fuel Subsidies aims to reallocate these resources, putting an end to their indiscriminate attribution and favoring direct subsidies for segments with greater social impact, reinforcing support for families with lower incomes, as well as the Agriculture, Fisheries, Transport and Logistics sectors.

"The partial removal of the subsidy on the price of gasoline will take place, and the partial and progressive removal of the subsidy on the prices of diesel and lighting oil, in a phased manner from 2024, until its liberalization in 2025", adds the note from press.

The price of gasoline will be 300 kwanzas per litre, an increase of 87.5 percent compared to the current 160 kwanzas per litre, and will become free and floating from 2024.

Until the end of this year, subsidies for other products such as diesel, cooking gas and lighting oil remain unchanged.

This reform is part of a set of other political and economic measures "aimed at strengthening public finances, in a logic of sustainability for future generations, and improvement of the business environment with a view to boosting domestic production and distributing exports", stresses the same document.


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