Zimbabwe increases fuel price by 150 percent

Zimbabwe on Wednesday announced a 150 percent rise in the price of fuel

AFP/Aaron Ufumeli

HARARE - following the launch of a forex auction system which eroded the value of the local currency. The price of a litre of diesel jumped 152 percent to ZW$62.77 from ZW$24.93 while petrol shot up 147 percent to ZW$71.62, the country’s Energy Regulatory Authority said in a notice.

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