Ironic: Fuel shortage in oil-rich Angola
Though the impacts of the shortages are clear for all to see, the reasons are not
LUANDA/
ANGOLA:
Angola has suffered a week of fuel shortages, a bitter irony for one of Africa’s leading oil producers. The majority of petrol stations in the capital Luanda have had long lines of motorists for seven days now, all waiting for the chance to fill up their tanks. “We don’t have any more,” said Henriques Carvalho, a pump attendant in the Bairro Popular district. Several other filling stations in provinces outside Luanda have also run dry, according to residents contacted by AFP. Rationing has caused the price of fuel to surge on the black market. One litre of super unleaded has more than tripled in Luanda - surging from 160 to 500 kwanzas (0.80 euros to 2.50 euros). Though the impacts of the shortages are clear for all to see, the reasons are not. In March last year, Angola was struck by shortages which were again blamed on “delayed payments” to suppliers caused by the weak oil price.
Published in The Express Tribune, December 24th, 2017.
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