Fuel price increase adds to Zims financial woes

President Emmerson Mnangagwa announcing the fuel increase for Zimbabwe.
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President Emmerson Mnangagwa on Saturday increased Zimbabwe’s fuel petrol to 3.31 dollars per litre from 1.32 dollars a 150 percent increase.

Mnanganwa also said there would be no increase for foreign embassies and tourists paying in cash using US Dollars.

Zimbabwe abandoned its own currency in 2009 after it was wrecked by hyperinflation and adopted the US dollar.

The fuel increase added to the country’s financial woes.

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