Luanda, Nov. 19, 2024 (Lusa) - The Angolan government spent $662 million (€593 million) to import 70% of the fuel sold in the third quarter of this year, the Oil Derivatives Regulatory Institute (IRDP) announced on Tuesday.
The Report on Fuels in the third quarter of 2024 indicates that 1.1 million metric tonnes were purchased for sale in that period, of which around 58% was diesel, 29% petrol, 6% ordoil fuel (fuel used in heavy vehicles), 5% Jet A1 (fuel for aircraft), 1% asphalt bitumen and 1% illuminating oil.
The document states that 29% of liquid fuels came from the Luanda Refinery, 1% from Cabgoc - Topping de Cabinda and 70% from imports.
The Angolan fuel market "continues to be heavily dependent on imports," said the IRDP, emphasising that compared to the previous quarter, there was a trend increase in the weight of imports of 6.17 percentage points and a reduction of 1.17 percentage points compared to the same period last year.
The regulator said that at the end of the third quarter of 2024, the country had an onshore storage capacity of 675,968 cubic metres and 1,172 filling stations, of which 896 were operational, unchanged from the second quarter.
The data shows that in terms of market share in sales volume, Sonangol Distribuição e Comercialização remains the leader with 62.2%, followed by Pumangol with 21.5%, Sonangalp with 8.2%, Total Energies Marketing Angola with 7.2%, Etu Energias with 0.4% and Soida (Operator of imported and domestic asphalt bitumen) also with 0.4%.
Concerning liquefied gas, 122,243 metric tonnes of cooking gas were made available in the period in question, of which 68% came from the Angola LNG plant, 22% from Sanha, 7% from the Luanda Refinery and 3% from Cabinda Topping.
"Compared to the previous quarter, there was a reduction of approximately 11% in the acquisition of LPG [liquefied petroleum gas] for the domestic market," the Institute emphasises in the report.
According to the analysis, Angola continues to have the lowest retail price for petrol in the southern African region, at 300.00 kwanzas per litre (€0.28), and the same for diesel, at 200.00 kwanzas per litre (€0.19).
The quarterly average selling prices for petrol and diesel at petrol stations in the region (SADC), compared to the national currency (kwanza), were 1,088.24 kwanzas per litre and 1,065.63 kwanzas per litre, respectively, the document reads.
NME/ADB // ADB.
Lusa
