Zimbabwe Fuel Prices Increase By 152%

Zimbabwe’s fuel prices will go up by as much as 152% on Wednesday, the energy regulator said, after the government removed a fixed exchange rate in place since March.
The last time the southern African country saw a similar steep rise in fuel prices, in January 2019, violent protests broke out, leaving as many as 17 people dead after a crackdown by the security forces.
Zimbabwe is already going through its worst economic crisis in a decade, marked by high inflation, food and medical shortages.
The price of petrol will go up to 71.62 Zimbabwe dollars (U.S. $1.25) per litre, from 28.96 Zimbabwe dollars previously, the regulator announced on Tuesday night. The diesel price will now be 62.77 Zimbabwe dollars from 24.93 Zimbabwe dollars.
Zimbabwe began weekly foreign currency auctions on Tuesday in a bid to increase efficiency in the allocation of scarce U.S. dollars in the economy, ending a fixed exchange rate of 25 local dollars to the United States dollar, which had been in place since March 30.
The average exchange rate closed at 57.3582 Zimbabwe dollars to one US dollar after the first auction.
Agencies
Wow….. inflation everywhere
That much?
The economic is getting hard
Hmmm, Nawa oo
Okay
Nawaoo
This thing is getting out of hand
Drop in price Nigeria, increase in Zimbabwe, nawah
Hmmmm problem in Zimbabwe
Issokay
That’s bad
Kk
Ok
Too bad for now
Thats too much
Hmm
Them go hear am
okay
Recession is beginning again
It is well….
Okay
God help us
Okay
Too bad
Dahh..hmmm no fit talk oo…it’s getting out of hand oo
so sad
So sad