Fuel prices in Zimbabwe up by 150%

The prices of fuel in Zimbabwe have gone up by 150% with immediate effect.

The BBC said this was announced by the country’s energy regulatory authority.

The increase is coming a day after the Zimbabwean dollar fell by more than 50% against international currencies.

This was because the country’s Central Bank removed a fixed currency exchange rate in place since March, and introduced a weekly foreign exchange auction.

Zimbabwe has been struggling with fuel shortages for years, compounded by a lack of foreign currency.

In January 2019, there were violent protests when authorities announced fuel hikes of more than 120%.

The state crackdown at the time left over a dozen people dead.


Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

BBNaija's Mercy Eke shows off newly acquired Mercedes Benz G Wagon

Bisola Aiyeola opens up on pausing music for Nollywood

Ada Jesus drama: Actress Rita Edochie curses critics on Instagram

Kanye West responds to Kim Kardashian's divorce petition

'I didn’t intentionally marry four wives. It was God’s design' - Actor Jide Kosoko

Avocado Pear: The health benefits of this fruit are priceless

Ngozi Okonjo-Iweala wants us to wear Ankara; here are 4 style tips

The full details behind Rita Edochie, Prophet Odumeje and Ada Jesus' drama

Actress Rachel Bakam is dead