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Tuesday, October 4, 2022

Price of fuel goes up by 12 percent in Zimbabwe

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Zimbabwe’s Energy Regulator has raised the price of fuel by 12 percent, the second increase this month, sparking fears that it could deepen the economic crisis in the country and lead to a further rise in inflation.

An IMF delegation which visited the country recently said the inflation rate had reached almost 300 percent in August.

The Zimbabwe Energy Regulatory Authority did not give reasons for the increase.

The Public Workers Union has called a meeting to consider embarking on a strike after the government rejected its demand to have workers paid in US dollars.

SourceBBC NEWS

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