LUANDA, June 1 (Xinhua) -- Angolan Minister of State for Economic Coordination Manuel Nunes Junior announced on Thursday in Luanda, the capital of Angola, the gradual removal of fuel subsidies.
This will result in the price of gasoline increasing from the current 160 Kwanzas (about 0.27 U.S. dollars) per liter to 300 Kwanzas (about 0.51 U.S. dollars) per liter, an 87.5 percent increase, starting from 1:00 am on Friday.
