VOL. NO: 47      DATE:
 

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AFRICAN ECHO BUSINESS NEWS
Complied by Cass Gilroy-Business Editor

Mozambique raise domestic gas and oil price

The Mozambique Ministry of Energy has announced a 20 per cent increase in the price of domestic cooking gas, taking effect immediately.

A kilo of gas will rise in price from 23.99 to 28.79 meticais (at current exchange rates there are about 25 meticais to the US dollar). The price of fuel oil will also rise by 20 per cent, from 13.11 to 15.73 meticais per litre. However, the price of all other liquid fuels remains unchanged.

The government reviews the price of fuels every month and increases, or reduces, them whenever the cost of importing fuels, when expressed in meticais, moves in either direction by more than three per cent, or whenever there is a change in fuel tax.

 

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