
Angola Raises Transport Fares Up to 50% After Diesel Price Hike
A ride in shared minibuses will increase to 300 kwanzas ($0.32) from Monday, compared with 200 kwanzas previously, while urban bus fares will rise 33% to 200 kwanzas, the National Land Transport Agency said in a statement on Sunday.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Bloomberg
13 hours ago
- Bloomberg
Angolan Government to Compensate Businesses Hit by Deadly Unrest
Angola will approve compensation measures for businesses damaged during this week's deadly protests as early as next Monday, President João Lourenço said. The move aims to restore inventory and preserve jobs at firms affected by a 'wave of vandalism,' Lourenço said in remarks broadcast on state-owned RNA Radio Friday.


New York Times
a day ago
- New York Times
Dozens Killed During Protests Over Fuel Prices in Angola
The southern African nation of Angola was attempting to restore calm on Thursday after a hike in fuel prices led to violent street clashes between residents and security forces, leaving at least 29 dead and 250 injured, the government said. The upheaval started Monday when a taxi association launched a three-day strike to protest the government's decision in early July to increase gasoline prices by a third. The situation escalated over two days into vandalism and the burning of buildings and cars, with the police responding by firing on angry crowds, according to witnesses. This was the second time in two years that an increase in gas prices has led to deadly violence in Angola, the second-largest oil producer in sub-Saharan Africa. The abundance of the commodity and heavy government subsidies have long allowed Angolans to pay very low prices at the gas pump. But with the economy struggling, the government, straining under enormous debt, has rolled back the subsidies in recent years at the urging of the International Monetary Fund. 'Obviously, people were in the street about the prices,' said Romario Francisco, 18, who lives on the outskirts of the capital, Luanda. 'But it became something crazy since.' While order had been restored to Luanda and several other cities by Thursday, the mood remained tense in some places. Many police officers were still out patrolling roads. Charred vehicles sat on some streets. Shards of glass and goods were scattered on sidewalks and inside shops and other buildings that had been looted during the chaos. Want all of The Times? Subscribe.
Yahoo
2 days ago
- Yahoo
HF Sinclair beats second-quarter profit estimates on higher refining margins
(Reuters) -Refiner HF Sinclair beat Wall Street estimates for second-quarter profit on Thursday, helped by higher refining margins. Top U.S. refiners were expected to post higher second-quarter profits, rebounding from first-quarter losses as stronger-than-expected diesel margins lifted earnings. The improved margins helped peers such as Valero Energy surpass Wall Street estimates. Fuel makers have seen an unexpected boost in profits from key products in recent months, offering relief after earnings retreated from 2022 highs driven by a post-pandemic demand rebound and supply disruptions following Russia's invasion of Ukraine. The company's adjusted refinery gross margin per barrel was up at $16.50 in the quarter, compared with $11.33 from a year earlier. The company reported adjusted profit of $1.70 per share for the three months ended June 30, compared with analysts' average estimate of $1.02 per share, according to data compiled by LSEG. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten