Angola: Sonangol Slams Cooking Gas Speculation

Luanda — Angola's oil company Sonangol has slammed the rising prices of cooking gas by resellers who allegedly retain a large number of gas cylinders to fuel speculation.

Over the last days, Luanda has seen a high demand for the product by resellers, who practice high prices due to the shortage of the product.

On Thursday, in some areas of the country's capital, a 12 kg cylinder was sold at 4,000 kwanzas, against the usual 1,500.

Speaking to Angop, the company's Press and Communication director, Dionisio Rocha, slammed this practice and said that there was enough cooking gas to feed the national market.

According to the source, the company increased its supply capacity by 35 percent, an amount considered "above the usual".

At the moment, he said, Sonangol is distributing between 130, 000 and 140, 000 bottles/day, to meet demand.

He described the gas distribution scenario in Luanda, Benguela, Huíla provinces and in other regions of the country as much more encouraging.

In the face of price speculation, Sonangol is working with the State's competent bodies to punish all offenders.

This action allowed the arrest of five resellers, in Luanda, who have been referred to the judicial authorities.

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