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  • World - Africa
  • Updated: April 16, 2022

Official: Tunisia To Raise Fuel Prices By 30 Percent

Tunisia will raise local fuel prices every month this year by not less than three percent.

An official in the energy ministry said as released by the Middle East Monitor late Friday.

It added that this may mean an increase of at least 30 percent by the end of 2022.

Afif Mabrouki, an official at the energy ministry said in a statement that, "The Finance Law says that there will be a monthly increase in fuel prices by 3 percent at least this year."

On Wednesday, Tunisia raised fuel prices by 5 per cent, its third hike this year, following a sharp rise in oil prices in an effort to rein in its budget deficit.

The country, suffering from its worst financial crisis is trying to agree on a new financing program with the International Monetary Fund (IMF) in exchange for unpopular reforms including cuts in fuel and food subsidies.

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Quadri Adejumo
Quadri Adejumo

Quadri Adejumo is a reporter, sports column writer, opinion and profile writer. He tweets via @...

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