Angola has implemented a 50% increase in diesel prices, marking the second hike within a year.
Effective March 24, 2025, the cost per liter in Angola rose from 200 kwanza to 300 kwanza ($0.33).
The government implemented this initiative after IMF advised the oil-producing nation to cut fuel subsidies equal to $3 billion in 2024 which corresponded to educational and health costs combined.
Through fuel subsidy cuts the Angolan government plans to direct more funds into essential national development sectors.
The country’s fuel price increase troubles its 37 million population because more than 50% earn less than $2 daily based on World Bank data.
The 2023 reduction of subsidies caused Huambo to experience widespread violence which killed five people.
Sabino Vieira da Silva who leads Angola’s truck-drivers association voiced opposition to the price hike then described possible negative outcomes.
On April 11 members of the truck-drivers association will assemble to create an official response after representing 3,500 members.
During January Minister Jose de Lima Massano reaffirmed the government plan to eliminate fuel subsidies as part of the ongoing effort to protect citizens from excessive financial burden.
The inflation rates in Angola have surged past 10% throughout the last decade reaching its highest point at 42.8% during June 2024.
The current diesel price modification shows how Angola manages to achieve economic reforms alongside the preservation of citizens’ social and economic welfare.
