The Agência Reguladora Multissetorial da Economia (ARME) has announced updated maximum fuel prices for November in Cabo Verde. Gasoline and various types of diesel will see price reductions, while fuel 380, fuel 180, and lighting oil will increase in price. The changes aim to reflect shifts in the global market and adjust local fuel costs accordingly.
Gasoline prices will decrease from 197.20 to 189.30 escudos per liter, marking a reduction of 7.90 escudos or 4.01%. Diesel prices will also drop, with normal diesel going from 190.30 to 185.80 escudos per liter, a decrease of 4.50 escudos or 2.36%. Additionally, diesel for electricity production will fall from 175.80 to 171.20 escudos per liter, a 4.60 escudo or 2.62% reduction. Marine diesel will decrease from 153.30 to 149.40 escudos per liter, a 3.90 escudo or 2.54% drop.
Conversely, certain fuels used in energy production and industrial activities will see price increases. Fuel 380 will rise by 5.40 escudos per kilogram, from 94.80 to 100.20 escudos, representing a 5.70% increase. Fuel 180 will increase by 4.30 escudos per kilogram, from 104.90 to 109.20 escudos, a 4.10% rise. Lighting oil will also become more expensive, with prices increasing from 216.90 to 225.70 escudos per liter, an 8.80 escudo or 4.06% hike.
The price adjustments reflect fluctuations in the global fuel market and are aimed at ensuring a stable supply of fuel in Cabo Verde. The ARME's periodic reviews of fuel prices are crucial in maintaining economic stability and managing the country's fuel needs. These changes will take effect in November and are expected to impact various sectors, including transportation and industry.
In contrast to the price changes for other fuels, the cost of butane gas will remain unchanged in November. The prices for butane gas cylinders of various sizes – 3 kilograms, 6 kilograms, 12.5 kilograms, and 55 kilograms – will stay at 426 escudos, 897 escudos, 1.868 escudos, and 8.219 escudos, respectively. This stability in butane gas prices provides some relief to consumers who rely on this fuel for cooking and heating.
The updated fuel prices for November have been published by the ARME, and they will be effective throughout the month. The adjustments are part of the ongoing efforts to manage fuel costs and ensure a stable supply in Cabo Verde. Consumers and businesses will need to adjust to the new prices, which may impact their budgets and operational costs.
The fuel price adjustments in Cabo Verde are a response to global market trends and aim to balance the needs of consumers and businesses. The changes will have varying impacts across different sectors, and stakeholders will be monitoring the effects on the economy and daily life.
Key points
- Gasoline and diesel prices decrease in November, while other fuels like fuel 380 and lighting oil increase.
- Butane gas prices remain unchanged for all cylinder sizes.
- The ARME's periodic reviews aim to ensure stable fuel supply and manage economic impacts.
