Angola Hikes Diesel Prices by 48% as It Phases Out Fuel Subsidies

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.

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