Angola Raises Diesel Price by 20 Kwanzas as Government Continues Fuel Subsidy Reform
The price of diesel in Angola has increased by 20 kwanzas per litre, rising from 400 to 420 kwanzas, according to an announcement by the Institute for the Regulation of Petroleum Derivatives (IRDP).
In an official circular, the regulator confirmed that while diesel prices have been adjusted upward, the prices of gasoline, kerosene, and gas remain unchanged.
The IRDP noted that the price revision is part of the government’s broader fuel subsidy reform strategy, which aims to gradually reduce public spending on fuel subsidies.
Authorities argue that the funds currently allocated to subsidies could be redirected toward social services and infrastructure development.
Angola has been progressively adjusting fuel prices in recent years as part of fiscal consolidation efforts linked to the high cost of maintaining subsidies in the domestic energy market.
Earlier in April, the government projected that national revenues could increase by approximately 3.2 trillion kwanzas, supported by higher international oil prices.
However, officials acknowledged that a significant portion of these gains would be offset by continued spending on fuel subsidies.
The latest diesel price adjustment reflects the ongoing balancing act between maintaining energy affordability for consumers and reducing the financial burden of subsidies on the state budget.
