iStock 1019676932

Zimbabwe Raises Oil Prices By More than 25%

Last updated on September 11th, 2021 at 03:20 pm

The price of fuel went up again in Zimbabwe on Sunday, October 6, this time by more than 25%, the latest blow in a country battling out-of-control inflation.

The Zimbabwe Energy Regulation Authority (ZERA) announced the price of diesel would immediately rise to 16.64 Zimbabwe dollars (about US$1), while gasoline would go up to 14.97 Zimbabwe dollars.

At those prices, a full tank of fuel costs more than a month’s salary for a cook or a maintenance worker, and more than half a month’s salary for a doctor.

The main opposition Movement for Democratic Change (MDC) condemned the move.

Samuel Okoro

Samuel Okoro is a political analyst and journalist who reports on African Union policies, governance, and regional diplomacy. His writing focuses on how leadership decisions and cooperation among African nations shape the continent’s political and economic future.

Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments