Search
  1. Home
  2. Southern Africa
  3. Zimbabwe

Fuel price increase

    JOHANNESBURG

    Zimbabwe's state oil procurement agency on Tuesday raised retail fuel prices by about eight percent, citing high prices on the world market, difficulties in getting foreign currency and high interest rates, news reports said.

    "This will not go down well with ordinary people who are living with great difficulty in a free-fall economy," Bidi Munyaradzi, the director of Zimrights told IRIN. "People simply cannot afford these increases any more."

    But the National Oil Company of Zimbabwe (NOCZIM), said in a statement it had no option but to hike prices to stay afloat. In October, it had already raised fuel prices by an average 30 percent.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

    Share this article

    Our ability to deliver compelling, field-based reporting on humanitarian crises rests on a few key principles: deep expertise, an unwavering commitment to amplifying affected voices, and a belief in the power of independent journalism to drive real change.

    We need your help to sustain and expand our work. Your donation will support our unique approach to journalism, helping fund everything from field-based investigations to the innovative storytelling that ensures marginalised voices are heard.

    Please consider joining our membership programme. Together, we can continue to make a meaningful impact on how the world responds to crises.

    Become a member of The New Humanitarian

    Support our journalism and become more involved in our community. Help us deliver informative, accessible, independent journalism that you can trust and provides accountability to the millions of people affected by crises worldwide.

    Join