Mozambique Oil & Gas: Unpaid fuel debts amounts to $77Mi

fuel
fuel

Unpaid fuel debts are $77 mn Between 2011 and 2014 the Guebuza government heavily subsidised fuel, and ran up a debt to the distribution companies of $330 million, Almirante Dimas, deputy director of hydrocarbons and fuel in the Ministry of Mineral Resources and Energy told a 17 April press briefing. 

The current government abolished most fuel subsidies and has paid most debts, but unpaid bills of $77 mn remain.

Diesel is still subsidised for agriculture, artisanal fishing, diesel-fired power stations in areas not linked to the grid, and for privately owned minibuses (known as “chapas”). (Aim En 17 Apr – Source: Joseph Hanlon)

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