{"id":29520,"date":"2022-11-18T17:30:33","date_gmt":"2022-11-18T17:30:33","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-debts-to-fuel-distributors-almost-unsustainable"},"modified":"2022-11-18T17:55:22","modified_gmt":"2022-11-18T17:55:22","slug":"state-debts-to-fuel-distributors-almost-unsustainable","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-debts-to-fuel-distributors-almost-unsustainable","title":{"rendered":"State debts to fuel distributors \u2018almost unsustainable\u2019"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The chairman of Galp Mozambique, Paulo Varela, said on Thursday he expected the results of dialogue between the sector and the government to resolve the almost unsustainable debt to fuel distributors in the country.<\/p>\n

At issue is the fact that there are no price updates at service stations, which are well below the purchase value, accumulating a \u201cvery significant debt\u201d by the state to fuel distributors, such as Galp, he said.<\/p>\n

\u201cThis is an issue for the industry, not for any particular company, and the Mozambican Association of Fuel Companies (AMEPETROL)) has been in close dialogue with the government to find a solution,\u201d Varela said in a meeting with journalists about Galp\u2019s 65th anniversary in Mozambique.<\/p>\n

\u201cThe companies continue to bear this cost which is reaching very significant amounts,\u201d in a situation that \u201cis not sustainable for much longer,\u201d he said.<\/p>\n

Varela said \u201cthis is an issue where, with dialogue and collaboration between all parties, a solution will be found,\u201d referring to AMEPETROL for details about the amounts in question.<\/p>\n

\u201cAt the end of the day, the cost will have to be paid for in some way\u201d, he said; either the consumers will bear a price rise, or the state will subsidise distributors, or there is another way, depending on an \u201ceconomic policy decision\u201d in which each government \u201cis sovereign\u201d.<\/p>\n

Despite \u201cgovernment efforts\u201d to control the retail price by cutting taxes, \u201cthe problem in Mozambique and many other countries is the high international cost\u201d of fuel, which is entirely imported. Prices have remained high, despite some drops \u201cin August and September,\u201d meaning that \u201cpressure continues,\u201d he said.<\/p>\n

In conjunction with the Mozambican Energy Ministry, work is underway to find \u201ca mechanism that allows for continuity of supply and to avoid situations such as in Malawi, where there is an enormous fuel shortage due to factors that disrupt the supply,\u201d Varela said.<\/p>\n

\u201cMozambique, fortunately, has had a stable supply, entirely at the expense of the distribution companies bearing the difference,\u201d he concluded. AMEPETROL has been warning since the beginning of the year that the state\u2019s debts to the fuel companies could paralyse distribution.<\/p>\n

In total, according to information provided in April by AMEPETROL, the Mozambican government at the time owed the fuel distribution companies over US$110 million (\u20ac106 million).<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The chairman of Galp Mozambique, Paulo Varela, said on Thursday he expected the results of dialogue between the sector and the government to resolve the almost unsustainable debt to fuel distributors in the country. At issue is the fact that there are no price updates at service stations, which are well below […]<\/p>\n","protected":false},"author":84,"featured_media":29519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-29520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nState debts to fuel distributors \u2018almost unsustainable\u2019 - Mozambique<\/title>\n<meta name=\"description\" content=\"The chairman of Galp Mozambique, Paulo Varela, said on Thursday he expected the results of dialogue between the sector a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-debts-to-fuel-distributors-almost-unsustainable\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State debts to fuel distributors \u2018almost unsustainable\u2019\" \/>\n<meta property=\"og:description\" content=\"The chairman of Galp Mozambique, Paulo Varela, said on Thursday he expected the results of dialogue between the sector a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-debts-to-fuel-distributors-almost-unsustainable\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-18T17:30:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-18T17:55:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/11\/postQueueImg_1668781059.01.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"820\" \/>\n\t<meta property=\"og:image:height\" content=\"510\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-debts-to-fuel-distributors-almost-unsustainable#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-debts-to-fuel-distributors-almost-unsustainable\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"State debts to fuel distributors \u2018almost unsustainable\u2019\",\"datePublished\":\"2022-11-18T17:30:33+00:00\",\"dateModified\":\"2022-11-18T17:55:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-debts-to-fuel-distributors-almost-unsustainable\"},\"wordCount\":398,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-debts-to-fuel-distributors-almost-unsustainable#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/11\/postQueueImg_1668781059.01.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-debts-to-fuel-distributors-almost-unsustainable#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-debts-to-fuel-distributors-almost-unsustainable\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-debts-to-fuel-distributors-almost-unsustainable\",\"name\":\"State debts to fuel distributors \u2018almost unsustainable\u2019 - 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