In January, Zimbabwe increased the price of fuel by 150 percent, sparking violent street protests [Philimon Bulawayo/Reuters]
Zimbabwe has announced a fresh increase in fuel prices, four months after a price hike triggered nationwide protests and a brutal security crackdown.
Increasing prices by about 46 percent on Tuesday, the Zimbabwe Energy Regulatory Authority (ZERA) said petrol would cost 4.97 a litre in the local RTGS dollar currency ($1.42/1.27 euro) and diesel would cost 4.89 RTGS dollars.
RTGS dollars are a local electronic currency introduced as Zimbabwe struggles with a shortage of the US dollar notes that have recently functioned as its national currency.
ZERA said the move followed new measures by the central bank removing a subsidy and a preferable exchange rate for fuel importers.