/ 14 May 1999

ANGOLA HIKES PETROL

THE price of a litre of petrol and other fuels rose by almost 50% in Angola on Friday from 1,9 million to three million new kwanzas. The US dollar buys around 1,8 million new kwanzas. Angola produces 300000 barrels a day (b/d) of crude oil and hopes to increase output to a million b/d by next year.