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Fuel importers breathe a sigh of relief

The government's debt to fuel importing companies was threatening to put smaller traders out of business

Today’s front pages in Maputo. Photo © Faizal Chauque / Zitamar News

Good afternoon. News that the government has started repaying its debts to fuel importers and distributors will come as a relief to the industry (see below). The consumer price of fuel has been kept artificially low for some years now, thanks to state subsidy, but in recent times the government has fallen behind on its payments and the debt is understood to have ballooned to over $400m.

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