Mozambique Hikes Diesel 46% as Africa Faces War-Driven Oil Surge.

The article focuses on Mozambique's 46% diesel price increase amid rising global fuel costs linked to the war in Iran, reflecting a broader trend of African governments raising regulated fuel prices despite subsidies and tax suspensions. Mozambique's energy regulator ARENE raised diesel prices from 79.88 to 116.25 meticals per liter due to fuel shortages and pressure from retailers, despite concerns about social unrest following recent post-election riots. Other African countries like Ethiopia, Gambia, and Zambia have also increased fuel prices recently, while some, such as Angola and Mauritius, have been more cautious. The Mozambican government is pursuing a project to develop national refining capacity to reduce reliance on imported fuel and enhance energy security. [Extracted from the article]