Government spokesperson and Minister of Planning and Development, Salim Valá, speaking Tuesday after a meeting of the Council of Ministers (Cabinet), told journalists that the government is closely monitoring the situation in the Middle East, maintaining contact with international partners to monitor the oil market.

“At this moment there are no signs that there may be a price increase, taking into account that we have some fuel reserves there. More imported fuels should arrive in the country in the coming weeks. We have no information to the contrary,” said Vala.

Data released by the government indicate that, in the second week of this month, the country had just over 85 thousand tons of fuel stored in ocean terminals, volumes considered sufficient to guarantee supply to the domestic market until the end of April.

Currently, gasoline is sold for around 85 meticais per liter, while a liter of diesel costs around 80 meticais (1.33 and 1.25 dollars, at the current exchange rate).

The minister explained that the fuels in circulation were imported before the escalation of the conflict in the Middle East and the closure of the Strait of Hormuz by Iran.

Price stability also extends to other petroleum derivatives, including kerosene.

Mozambique is significantly dependent on the Strait of Hormuz, with around 80 percent of its fuel imports using this waterway, through which approximately 20 percent of the world’s oil traffic passes.
(AIM)
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