São Tomé expects a week-long fuel shortage
By the AFREEQUE newsroom, based on Rstp
São Tomé and Príncipe expects to receive new shipments of petrol and domestic fuel in about a week, following a shortage linked to a lack of resources to finance imports. Finance Minister Gareth Guadalupe said rising global prices are putting public subsidies under strain, according to RSTP.
São Tomé and Príncipe is facing a shortage of petrol and domestic fuel due to a lack of financial resources to fund new imports, Economy and Finance Minister Gareth Guadalupe said at a press conference, according to RSTP. The government expects new supplies to arrive in a week.
Gareth Guadalupe explained that rising prices on international markets are making it harder to finance purchases. Suppliers will not deliver the fuel until the country has raised the funds needed for the import.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
