Fuel is main import of Sao Tome and Principe in 2006

26 February 2007

Sao Tome, Sao Tome and Principe, 26 Feb – The Sao Tome and Principe authorities spent US$13.7 million on fuel, the biggest imported product in 2006, 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 20 percent of imports between January and December of last year, at a total cost of US$68.04 million.

Food products, agricultural products, machinery and cars, with 17, 14, 11 percent, respectively, were the next largest groups of imports.

In 2005, fuel was the second biggest import category by cost, having been overtaken by agricultural products, which led the list by a 1 percent margin.

Overall imports in 2005 totaled US$40.3 million, with fuels accounting for US$8.1 million and agricultural products US$8.6 million.

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, particularly gasoline, which is currently sold at US$1.2 per liter, has increased consumer prices on the Sao Tome market. (macauhub)