{"id":7959,"date":"2021-10-27T16:46:00","date_gmt":"2021-10-27T16:46:00","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=7959"},"modified":"2021-10-27T16:35:59","modified_gmt":"2021-10-27T16:35:59","slug":"mozambique-government-says-increased-fuel-prices-to-avoid-collapse-watch","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-government-says-increased-fuel-prices-to-avoid-collapse-watch","title":{"rendered":"Mozambique: Government says increased fuel prices to avoid collapse"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>Minister of Mineral Resources and Energy, Max Tonela, said on Monday that the increase in fuel prices in the country had prevented a collapse in supply, as importers and distributors in the sector were operating at a loss.<\/p>\n<p>\u201cTaking into account the evolution of the international price\u201d and also the exchange rate, the price hike was necessary \u201cto allow importing and distributing companies to review prices, to ensure continuity of supply, guarantee security and replenishment of stocks,\u201d Tonela said.<\/p>\n<p>The minister was speaking on the sidelines of the sixth coordinating council of the Ministry of Mineral Resources and Energy in Pemba, capital of Cabo Delgado province.<\/p>\n<p>\u201cThe level of loss was so high that some of the companies were getting into debt with the banks, to make imports, without the capacity to make the replacement,\u201d he explained.<\/p>\n<p>Minister Tonela however indicated that the government was maintaining its 12 meticais (\u20ac0.16) per kilo subsidy on the price of cooking gas.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. Minister of Mineral Resources and Energy, Max Tonela, said on Monday that the increase in fuel prices in the country had prevented a collapse in supply, as importers and distributors in the sector were operating at a loss. \u201cTaking into account the evolution of the international price\u201d and also the exchange rate, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":7958,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12,16],"tags":[233,281,283],"class_list":["post-7959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mozambique: Government says increased fuel prices to avoid collapse - 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