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| | {{Fuel Price Factsheet | | {{Fuel Price Factsheet |
| | |Fuel Price Country=Angola | | |Fuel Price Country=Angola |
| − | |Fuel Pricing Policies=The „Ministério da Coordenacao Económica“ is in charge of regulating fuel prices. | + | |Fuel Pricing Policies=Fuel prices are uniform in the country, controlled by government, heavily subsidized, and last changed in Sep 2010, when the prices of gasoline, but no other fuel, were raised. IMF said in Aug 2012 that fuel subsidies in 2011 amounted to 7.8% of GDP (US$7.9 billion), equivalent to more than 90% of public investment spending. |
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| − | On their website there is no information available concering the pricing of fuel.
| + | Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank. |
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| − | However, from the low prices, being only little above the price for crude oil, it is quite obvious that fuels are subsidized in Angola.
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| − | In a radio interview from September 2010, the national director for macroeconomic policies, Carlos Panzo, said, that prices rise in Angola due to an ongoing reduction of fuel subsidies. Due to this interview, the budget savings arising from reducing the subsidies shall be invested into social projects as “education, health and social care” . According to the same article, fuel subsidies in Angola sum up to 4 billion dollars a year (as of 2010), which is equivalent to 6% of GDP.
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| − | It can be assumed that prices change seldomly, as the rise of prices of September 2010 seems to be the last price change as of November 29th 2010.
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| | |Fuel Currency=AOA | | |Fuel Currency=AOA |
| | |Fuel Price Exchange Rate=92.042 | | |Fuel Price Exchange Rate=92.042 |
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| | |Fuel Price Factsheet Source Annotation=Ministério da Coordenacao Económica | | |Fuel Price Factsheet Source Annotation=Ministério da Coordenacao Económica |
| | }} | | }} |
| | + | {{Fuel Price Factsheet Source}} |
Revision as of 14:57, 6 February 2013
Part of: GIZ International Fuel Price database
Also see: Angola Energy Situation
Fuel Pricing Policies
| Local Currency:
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AOA
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| Exchange Rate:
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92.042
(2010/11/17)
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| Last Update:
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Fuel prices are uniform in the country, controlled by government, heavily subsidized, and last changed in Sep 2010, when the prices of gasoline, but no other fuel, were raised. IMF said in Aug 2012 that fuel subsidies in 2011 amounted to 7.8% of GDP (US$7.9 billion), equivalent to more than 90% of public investment spending.
Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.
Fuel Prices and Trends
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Gasoline 95 Octane |
Diesel |
| in USD* |
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition.
No official information available online.
Newspaper articles state that there are fuel subsidies in Angola (which is also obvious from the low prices; → Appendix A1 and A2)
At a Glance
| Regulation-Price-Matrix
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Transparency of
Price Composition
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Transparency of Pricing
Mechanism / Monitoring
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Sources to the Public
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
This is a living document. If you have any comments or suggestions, please feel free to contact us:
Armin.Wagner@giz.de
