Ver Angola


Government subsidized 339.7 billion kwanzas in fuel in the first quarter of this year

In the first quarter of this year, the Government subsidized 339.7 billion kwanzas in fuel distributed throughout the country, announced this Thursday the Institute for the Management of State Assets and Participations (IGAPE).


According to the note, to which the Lusa agency had access, the State had a cost in the first three months of the year, of 471.5 billion kwanzas with the distribution of 990.28 thousand metric tons of fuel throughout the national territory.

The biggest expenses were with diesel, in an amount of 663.73 thousand metric tons, at a cost of 305 billion kwanzas, with the State subsidy of 219.1 billion kwanzas.

For 206.36 thousand metric tons of gasoline, the State assumed the subsidy of 68.5 billion kwanzas of the 105.9 billion kwanzas disbursed for the purchase of this product.

After diesel and gasoline, costs totaled 60.5 billion kwanzas for the purchase of liquefied petroleum gas and illuminating oil, with a state subsidy of 52 billion kwanzas.

IGAPE reports that the hyper-inflationary environment in international markets led to a thorough process of adjusting reference prices and verifying the quantities of fuel distributed, which required more time than initially expected for the publication of the report.

"Taking into account the prevalence of the aforementioned constraints, IGAPE announces that it will publish the publication for the 2nd Quarter of 2022, as soon as the adjustment referred to above is finalized", he says.


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