{"id":37710,"date":"2023-04-27T19:22:32","date_gmt":"2023-04-27T19:22:32","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/fuel-supplies-could-run-out-in-two-to-three-months"},"modified":"2023-04-27T20:14:27","modified_gmt":"2023-04-27T20:14:27","slug":"fuel-supplies-could-run-out-in-two-to-three-months","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/fuel-supplies-could-run-out-in-two-to-three-months","title":{"rendered":"Fuel supplies could run out in two to three months"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Head of Africa at Puma Energy Fadi Mitri says that Mozambique is on the brink of a \u201cserious energy crisis\u201d as the country is not allowing service stations to raise prices of fuels , which may run out within two to three months.<\/p>\n

\u201cMozambique is today on the verge of a serious energy crisis in terms of hydrocarbons for two reasons: the price is very low compared to the real cost of the product and those who subsidise this situation are the companies in the fuels market,\u201d Fadi Mitri told a press conference in Maputo on Wednesday.<\/p>\n

\u201cThe government owes about 25 billion meticais (350 million euros) to the fuel distribution industry and this is an unsustainable situation,\u201d said the leader of one of the fuel operators in the market.<\/p>\n

\u201cWhen a company cannot make enough money in a business, when it is losing, the solution is to reduce activity,\u201d he said.<\/p>\n

Mitri said that in the first quarter of this year, operators had reduced fuel imports by 54% compared to the same period in 2022.<\/p>\n

\u201cSoon, in two to three months there will be no fuel in Mozambique,\u201d he said.<\/p>\n

According to the Puma Energy\u2019s Head of Africa, the monthly rise in Mozambique\u2019s debt calls into question the reputation of the petrol stations with the banks, which are beginning to reject proposals for new loans, particularly among the less robust Mozambican retailers.<\/p>\n

\u201cWhen the debt is prolonged, the banks begin to reject this request. Mozambican petrol stations are the ones that suffer most as the international ones have greater financial robustness,\u201d he explained.<\/p>\n

In his view, the solution to halt a fuel crisis in Mozambique \u201cis simple: prices should rise.<\/p>\n

\u201cPrices should rise, in diesel, by 4.55 meticais per litre (6 cents). In petrol it is not necessary. This does not mean that there will be an immediate repayment of the 25 billion meticais that the government owes, but with this measure, the debt starts to fall.\u201d \u201cIf the debt starts to fall, the market will realise that the government is reacting\u201d, at the end of talks that have lasted \u201cfor 18 months\u201d and \u201cwe could start looking to the future and the banks would be happy\u201d, he explained.<\/p>\n

Since 1 July 2022, the date of the last adjustment, petrol has cost 86.97 meticais (1.24 euros) and diesel has risen to 87.97 meticais (1.26 euros) per litre.<\/p>\n

Fadi Mitri advocated for less interference by the government in the definition of the price of fuel, which derives from the dynamics of the international market.<\/p>\n

For Puma Energy, Mozambique\u2019s geographical location, bathed by the Indian Ocean, places the country as a strategic partner, to the extent that the fuel that reaches the countries in the interior must pass through Mozambican ports, but the debt situation may force Puma Energy Africa to rethink its strategies.<\/p>\n

\u201cWe think that Mozambique should be a \u2018hub\u2019 (distribution point) for Zimbabwe, Malawi and Zambia, but unfortunately today it is not an efficient \u2018hub\u2019,\u201d he concluded.<\/p>\n

The last price adjustment at petrol stations in Mozambique took place in July 2022.<\/p>\n

Complaints from petrol stations in Mozambique, which is among the countries with the lowest fuel prices on the continent, began in mid-2022, when the Mozambican Association of Fuel Operators first warned that state debts could paralyse distribution \u2013 at a time of price volatility in the international market with the Russian invasion of Ukraine and global inflation.<\/p>\n

Lusa contacted the Mozambican Ministry of Mineral Resources and Energy, which referred to statements in due course.<\/p>\n

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

Africa-Press – Mozambique. Head of Africa at Puma Energy Fadi Mitri says that Mozambique is on the brink of a \u201cserious energy crisis\u201d as the country is not allowing service stations to raise prices of fuels , which may run out within two to three months. \u201cMozambique is today on the verge of a serious […]<\/p>\n","protected":false},"author":84,"featured_media":37709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-37710","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":"\nFuel supplies could run out in two to three months - Mozambique<\/title>\n<meta name=\"description\" content=\"Head of Africa at Puma Energy Fadi Mitri says that Mozambique is on the brink of a \u201cserious energy crisis\u201d as the countr ...\" \/>\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\/fuel-supplies-could-run-out-in-two-to-three-months\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fuel supplies could run out in two to three months\" \/>\n<meta property=\"og:description\" content=\"Head of Africa at Puma Energy Fadi Mitri says that Mozambique is on the brink of a \u201cserious energy crisis\u201d as the countr ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/fuel-supplies-could-run-out-in-two-to-three-months\" \/>\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=\"2023-04-27T19:22:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-27T20:14:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/04\/postQueueImg_1682607205.91.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\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=\"3 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\/fuel-supplies-could-run-out-in-two-to-three-months#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/fuel-supplies-could-run-out-in-two-to-three-months\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Fuel supplies could run out in two to three months\",\"datePublished\":\"2023-04-27T19:22:32+00:00\",\"dateModified\":\"2023-04-27T20:14:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/fuel-supplies-could-run-out-in-two-to-three-months\"},\"wordCount\":595,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/fuel-supplies-could-run-out-in-two-to-three-months#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/04\/postQueueImg_1682607205.91.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\/fuel-supplies-could-run-out-in-two-to-three-months#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/fuel-supplies-could-run-out-in-two-to-three-months\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/fuel-supplies-could-run-out-in-two-to-three-months\",\"name\":\"Fuel supplies could run out in two to three months - 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