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.


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