Africa-Press – Mozambique. The price of liquid fuels may rise in the coming days due to the rising trend in product costs in the international market.
According to the Mozambican Petroleum Importing Agency (IMOPETRO), the price of Brent crude, which abroad is currently around US$76 per barrel, could reach US$80 by the end of the month.
IMOPETRO notes that the demand for fuel fell globally with the outbreak of the Covid-19 pandemic, prices slumping to around US$55 to US$60 per barrel.
The recovery of world economies following on from the easing of restrictions has however increased demand for fuel in the international market in the last three months, with a concomitant rebound in prices.
