The construction sector in Cabo Verde, specifically the earthmoving industry, has taken to the streets to protest against the recent surge in fuel prices. According to Rui Cunha, an entrepreneur in the sector, the industry is seeking a resolution to the issue, stating that they want to be heard and have access to the professional diesel regime. This comes as the sector faces significant losses due to the increased cost of fuel, which has risen by 63 cents per liter since February 27, now standing at 2.22 euros per liter.
The protest, which began with over a hundred vehicles, saw a slow march along the A41 highway, with drivers honking in support. The convoy, accompanied by the GNR, made its way to Coimbra via the A1 highway. Cunha emphasized that the situation is "almost unbearable," with contracts being difficult to update and new clients hesitant to commit. The sector feels vulnerable to the increased energy costs, with fuel accounting for nearly 70% of the final price presented to clients.
Bruno Neto, another representative of the sector, highlighted the drastic impact of the fuel price hikes on his business. With 27 employees, Neto stated that 70% of his company's revenue goes towards fuel, leaving little room for profit. He expressed concerns that if the situation persists, the company may be forced to consider layoffs or even closure. The sector is seeking a solution, with Cunha stressing the need for the government to listen to their concerns.
The protest is not just about the current situation but also about the future of the sector. Cipriano Jorge, a protester, stated that it is impossible for employers to absorb the increased costs, and that something needs to be done to address the issue. He criticized the oil companies, stating that it is unfair for them to make huge profits while the sector struggles to stay afloat.
A meeting has been scheduled between the sector representatives and the government for Monday, in Lisbon. Miguel Machado Mendes, the representative of the movement, stated that the government has taken notice of their concerns and has agreed to meet with them. The sector is seeking concrete solutions, and Mendes emphasized that the protest is a just cause that defends the sector.
The protest has garnered significant support, with over 100 companies and 400 heavy vehicles participating. The sector is united in its demand for a solution, with Mendes estimating that around 500 heavy vehicles will join the protest. The earthmoving industry, which includes companies involved in the extraction of inert materials, transportation, and earth movement, feels that it is being unfairly affected by the fuel price hikes.
The sector's concerns are centered around the impact of the fuel price hikes on their operations. With fuel being a significant cost component, the sector is struggling to maintain profitability. The protest is a call to action, with the sector seeking a solution that will allow them to continue operating sustainably.
Key points
- The construction sector in Cabo Verde is protesting over fuel price hikes that have increased by 63 cents per liter since February 27.
- The sector is seeking access to the professional diesel regime to alleviate the financial burden of the fuel price hikes.
- A meeting has been scheduled between the sector representatives and the government for Monday, in Lisbon, to discuss the issue.
