The Mozambique Energy Regulatory Authority (Arene) announced today the readjustment of fuel prices in the country, with an increase in all petroleum products starting Tuesday.
Gasoline is going up from 77.39 meticals (1.13 euros) to 83.30 meticais (1.22 euros) per liter, diesel is going up from 70.97 meticais (one euro) to 78.48 meticais (1.15 euros) per liter and domestic gas is also going up, from 80.49 meticais (1.18 euros) to 85.53 (1.25 euros) per kilo, according to the new table presented at a press conference by Arene.
Lighting oil also goes up from 50.16 meticais (73 euro cents) to 77.48 meticais (1.13 euro) per liter.
According to Arene’s president, Paulo António da Graça, the Mozambican government sought to avoid a readjustment that would put pressure on citizens, temporarily withdrawing the tax on fuel to avoid a drastic increase.
“The application of these measures allowed a reduction of the real increases, aiming to minimize the impact to the final consumer. Looking, for example, at diesel, which is a primordial product for our economy, an effort was made so that the adjustments were not made based on real prices, where we would have an increase of about 13 meticais [19 euro cents],” said Paulo António da Graça.
The oil products for sale in Mozambique are imported by sea in special freighters, through a process centralized by law in a single public entity, Imopetro, owned by the distributors of oil products operating in the country.
The price increase comes a month after the Mozambican Association of Oil Companies (Amepetrol) called for a price readjustment, warning that the state’s debts to gasoline companies could paralyze distribution at a time when international market prices are skyrocketing as an impact of the Russian invasion of Ukraine.
In total, according to information advanced in April by Amepetrol, the Mozambican government owed the gasoline companies over 110 million dollars (about 102 million euros).
Lusa
