Fuel is main import of Sao Tome and Principe

17 November 2006

Sao Tome, Sao Tome and Principe, 17 Nov – The Sao Tome and Principe authorities spent US$7.18 million on fuel, the biggest imported product in the first half of the year, according to the archipelago’s National Statistics Institute (INE).

Figures forwarded to Macauhub from INE showed that fuel imports, particularly gasoline, diesel and oil, represented 19.9 percent of imports between January and July, at a total cost of US$38.12 million.

In the first half of 2005, fuel imports accounted for US$4.7 million.

Food products, agricultural products, machinery and cars, with 15, 14, 13 and 9 percent, respectively, were the next largest groups of imports.

Angola is Sao Tome and Principe’s largest fuel supplier via state oil company Sonangol.

The archipelago’s largest consumer of fuel is the country’s water and electricity company, which produces 80 percent of its power using fossil fuels.

In the last six months, fuel has led to increased consumer prices on the Sao Tome market due to its high price on the international market. (macauhub)