Angola’s Fuel Sales Increase in Q2 Despite Drop in Imports

Angola’s Fuel Sales Increase in Q2 Despite Drop in Imports

Angola’s fuel sales volume in the second quarter reached 1.22 million metric tons, marking a 3% increase compared to the previous quarter, according to the Petroleum Derivatives Regulatory Institute (IRDP).

The report, released yesterday, highlights that state-owned Sonangol continues to dominate the market with a 62.3% share, followed by Puma Energy (21.9%).

The remaining 15.8% is divided among Sonangalp (7.2%), Total Energies Marketing Angola (6.6%), and Etu Energias (1.7%).

The data shows a significant 38% rise in cooking gas sales, with total domestic consumption reaching 139,560 metric tons.

Sonangol Gás e Energias Renováveis led this segment with a 71.9% market share, trailed by Saigás (14.1%), Progás (5.9%), Gastém (5.6%), and Canhongo Gas (2.6%).

During the quarter, $689 million was spent on acquiring 144,642 metric tons of liquid fuels, an 8% decrease compared to the previous quarter. Diesel accounted for 59.4% of the purchased fuel, while gasoline made up 22.2%.

Of the total fuel acquired, 63.8% was imported, while 35.4% was sourced from the Luanda Refinery. The quarter ended with 1,168 registered gas stations, of which 896 were operational.

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