Zimbabwe increases fuel prices again, but pumps remain dry

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HARARE – Zimbabwe hiked fuel prices on Monday for the second time in a week but most pumps remained dry, with no end in sight to shortages that are helping drive inflation rapidly higher and which have led to protests about the cost of living.

The Zimbabwe Energy Regulatory Authority said a litre of petrol would now cost 7.45 Zimbabwe dollars, up 22% from 6.10 dollars. Diesel now costs 7.19 a litre, a 23% rise.

With inflation soaring, economic analysts say increases in fuel prices are adding to price pressures, especially as rolling electricity cuts are forcing businesses to use expensive diesel generators to power their operations.

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