Mozambique: Eni wants to up production, project country onto global LNG scene
Price of petrol rises by over three per cent – AIM
7:37 CAT | 19 Oct 2017
The Mozambican government has increased the price of petrol by more than three per cent, with effect as from Wednesday.
According to a press release from the Ministry of Mineral Resources and Energy, the price of a litre of petrol rises from 57.58 to 59.52 meticais (from 94.4 to 97.6 US cents, at current exchange rates). This is an increase of 3.4 per cent.
The hike in the price of kerosene is much steeper – the price of a litre of kerosene rises from 40.11 to 43.32 meticais, an increase of eight percent.
But the price of diesel is unchanged, at 53.38 meticais a litre. There is also no change in the price of domestic cooking gas, which remains at 58.04 meticais per kilo.
The government reviews fuel prices every month, and alters them whenever the import price, expressed in meticais, changes by more than three per cent. The basic factors taken into consideration are the fuel prices on the world market, and the exchange rate of the metical against the US dollar, the currency in which fuel imports are denominated.
The last time fuel prices were altered was 20 September.
Source: AIM
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