Angola has denied that it was abolishing fuel subsidies as a result of pressure from the International Monetary Fund (IMF).
Finance Minister Vera Daves said on Thursday that the withdrawal of fuel subsidies came as a result of a sovereign decision by the Angolan government.
It follows government's decision to raise the price of petrol from 160 kwanza ($0.27) to 300 kwanza ($0.51) per litre, which came into effect on Thursday.
The measure does not affect public service vehicles and motorcycles - whose operators will get a non-transferable pre-paid card that they will use to buy fuel.
Source: BBC
| Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |
Featured Video
