Angola: Nationwide fuel shortages ongoing May 7

Event

A fuel shortage is currently affecting the country, particularly in the capital city of Luanda, as of Tuesday, May 7. Shortages and long lines have been reported at open stations across the country. Sonangol, a state-owned oil company, said on Sunday, May 5, that supply operations are set to return to the standard level in the coming days.

Protests by angry residents are likely if the situation persists.

Context

The ongoing shortage is caused by the Angolan government's difficulty in accessing foreign currencies to import refined products such as oil. Angola imports around 80% of its oil while national refinery accounts for 20% of the total oil consumption. Gas stations buy oil at high prices in foreign currencies and sell it at lower prices in Kwanza (AOA).

Advice

Individuals present in Angola are advised to fill up vehicle tanks whenever gasoline is available, to ensure sufficient fuel reserves before all long journeys, and to expect longer waiting times at gas stations. Monitor developments to the situation and avoid all potential protests due to the risk of violence.