Investors Encouraged to Build Fuel Stations

Investors Encouraged to Build Fuel Stations

The stability of the operation of the fuel market and other petroleum derivatives should also be the responsibility of the business class, focusing on providing better services to the population.

This perspective was put forward by the Vice Governor of Huambo for the Economic and Social Sector, Angelino Elavoco, at a recent seminar on encouraging the construction of new privately initiated fuel stations and the rehabilitation of out-of-service stations.

Angelino Elavoco acknowledged that the enthusiasm of the local business class comes at a good time given the growth of the automotive fleet.

As he pointed out, Huambo has an estimated population of over 2.7 million inhabitants, and its population is expected to rise, along with the automotive fleet, a situation that encourages the trend of increased consumption of petroleum derivatives.

He emphasized, for this reason, that concern should not only be the responsibility of the Petroleum Derivatives Regulatory Institute (IRDP) or the bodies of the Ministry of Mines, Petroleum, and Gas, but also of investors capable of meeting the aspirations of consumers.

The head of the Department of Commercial Relations, Tariffs, and Prices of the Petroleum Derivatives Regulatory Institute (IRDP), Nelson de Carvalho, who was in Huambo, pointed out that participants were informed about the mapping of fuel stations, forms of fuel storage, and business opportunities in the sector.

Nelson Carvalho said it was important to present the record of the distribution of operational fuel stations in the province and municipalities with a deficit or not covered by these social facilities.

He reminded that, in the province of Huambo, more than 70 fuel stations and other petroleum derivatives are monitored.

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