Angola Moves to Resolve Fuel Crisis as Subsidies and Rising Demand Strain Supply
Updated
Updated · Bloomberg · Aug 6
Angola Moves to Resolve Fuel Crisis as Subsidies and Rising Demand Strain Supply
1 articles · Updated · Bloomberg · Aug 6
Summary
Angola acknowledged a fuel crisis and said it is working to resolve shortages, according to state broadcaster RNA citing Petroleum Minister Diamantino Azevedo.
Rising domestic demand, higher global fuel prices and the country’s subsidy system were identified as the main drivers of the supply crunch.
RNA said the government did not provide details on the measures it plans to take, leaving the timing and scope of any fix unclear.