Results for: Diesel Prices

Petrol and diesel costs have been on a steady upward trajectory since the beginning of 2024, with RAC Fuel Watch reporting an increase of 9p per liter. The relentless rise in fuel prices, reaching their highest point since November 2023, is placing a significant burden on households, businesses, and the economy. RAC fuel spokesman Simon Williams warns that the situation is unlikely to improve, with wholesale oil prices expected to rise further. Moreover, a staggering 63 percent of road users have noticed an increase in their motoring costs, prompting 18 percent to consider selling their cars amidst the financial strain.

Angola has increased diesel prices by around 48% as part of the government’s effort to eliminate costly subsidies that have put a strain on public finances. The price of diesel has climbed to 200 kwanzas per liter (R4.60 per liter), while the prices of other fuels like petrol and liquefied petroleum gas have remained unchanged. Angola, like other significant African crude producers, has been under pressure from rising debt costs and high gasoline prices. Many nations, including Nigeria, Cameroon, and the Democratic Republic of Congo, have tried to eliminate fuel subsidies, often causing public fury.