Difference between revisions of "Fuel Prices Angola"
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|Fuel Price Exchange Rate=92.042 | |Fuel Price Exchange Rate=92.042 | ||
|Fuel Price Exchange Rate Date=2010/11/17 | |Fuel Price Exchange Rate Date=2010/11/17 | ||
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|Fuel Price Composition Annotation=No official information available online. | |Fuel Price Composition Annotation=No official information available online. | ||
Revision as of 20:35, 2 December 2012
Part of: GIZ International Fuel Price database
Also see: Angola Energy Situation
Fuel Pricing Policies
| Local Currency: | AOA |
| Exchange Rate: | 92.042
|
| Last Update: |
The „Ministério da Coordenacao Económica“ is in charge of regulating fuel prices.
On their website there is no information available concering the pricing of fuel.
However, from the low prices, being only little above the price for crude oil, it is quite obvious that fuels are subsidized in Angola. Several newspaper articles support this assumption (→Appendix A1 and A2).
In a radio interview from September 2010, the national director for macroeconomic policies, Carlos Panzo, said, that prices rise in Angola due to an ongoing reduction of fuel subsidies. Due to this interview, the budget savings arising from reducing the subsidies shall be invested into social projects as “education, health and social care” (→Appendix A1). Due to the same article, fuel subsidies in Angola sum up to 4 billion dollars a year (as of 2010), which is equivalent to 6% of GDP.
It can be assumed that prices change seldomly, as the rise of prices of September 2010 seems to be the last price change as of November 29th 2010.
Fuel Prices and Trends
| Gasoline 95 Octane | Diesel | |
|---|---|---|
| in USD* |
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition.
No official information available online.
Newspaper articles state that there are fuel subsidies in Angola (which is also obvious from the low prices; → Appendix A1 and A2)
At a Glance
| Regulation-Price-Matrix |
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Sources to the Public
| Type of Information | Web-Link / Source |
|---|---|
| Other Information | http://www.mincec.gov.ao/ (Ministério da Coordenacao Económica) |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
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