Government guarantees fuel reserves until May despite the crisis in the Middle East

The government has once again assessed, for the second time in just 15 days, the impacts of the tension in the Middle East involving Iran and Israel, highlighting the pressure on fuel prices caused by limitations on crude oil transport as a consequence of the closure of the Strait of Hormuz.

Speaking to the press after the 8th Ordinary Session of the Council of Ministers, the government spokesperson, Salimo Valá, assured that the country has sufficient reserves to guarantee supplies until the arrival of new shipments expected between March 26 and 30.

According to the Minister of Planning and Development, the existing stock in the main ocean terminals, combined with the ongoing replenishment plan, allows us to avert, for now, the risk of shortages or an immediate increase in fuel prices.

The government's position comes two weeks after guaranteeing stability in supply and prices until next May. "At the moment, there are no signs of an increase in fuel prices, considering the available reserves," Valá reiterated.

Nevertheless, the Executive acknowledges the sensitivity of the international situation and assures that it is closely monitoring the evolution of the conflict, maintaining dialogue with operators in the energy sector to mitigate potential impacts on the national economy.

Regarding the news about the alleged interception, by the French Navy, of an oil tanker flying the Mozambican flag as part of operations against a Russian "ghost fleet," the Government states that it has not been officially notified. Valá assured that, should any involvement by the country be confirmed, its position will be communicated in due course through official channels.