Fuel prices may rise again after the last readjustment

The Mozambican Importer of Petroleum (IMOPETRO) recently said that fuel prices may undergo a new adjustment due to the rising price of oil on the international market.

The new fuel prices went into effect last Wednesday, but with the current international shortage of oil derivatives and the price hike - which is around $85 a barrel for crude oil - the scenario could get worse.

"The prices, whenever they suffer an impact at the international level, will have an impact for all importers" and in this sense, "an analysis will have to be made to make the decision about the price," explained Miceles Miambo, from the Markets Department of IMOPETRO, quoted by Opais.

The source revealed that there are reserves for the next 18 days or so, a period in which current prices can still withstand the international market's oscillation.

Mozambique imports fuel every 22 days, due to low storage capacity.

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