Angola, Africa’s second-largest crude producer, increased the retail prices for gasoline and other fuels to have more income to spend on poverty-alleviation programs, the Finance Ministry said.
The cost of a liter of gasoline rose 25 percent to 75 kwanzas (76 U.S. cents), while diesel increased to 50 kwanzas from 40 kwanzas, the Luanda-based ministry said on its website. Prices for other fuels and materials, such as cooking gas and asphalt, rose between 19 percent and 35 percent.
The southwest African country spent about 4 percent of its 2013 budget on fuel subsidies, according to London-based Control Risks, a consultancy on governance. The government has been under pressure from the International Monetary Fund since entering a $1.4 billion loan agreement in 2009 to reduce fuel subsidies and increase spending on poverty-reduction programs.
Protests against fuel price increases, which have occurred in other sub-Saharan countries such asMozambique, are unlikely to take place in Angola because of its well-equipped police force, according to Control Risks.
“The security forces would be likely to suppress any planned protests, making any escalation unlikely,” the consultancy said. “Nonetheless, isolated protests may occur in the transport sector.”
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