Thursday, April 18, 2024
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Fuel

Nigeria: Agitated unions suspend planned strike over fuel subsidy

Nigeria's major workers unions have announced the suspension of their planned nationwide strike which was called for Wednesday. The unions were expected to stay away...

Zimbabwe fuel prices increase significantly by 152%

Zimbabwe’s fuel prices will go up by as much as 152% on Wednesday, the energy regulator said, after the government removed a fixed exchange...

South Sudan scraps fuel subsidies

South Sudan has removed fuel subsidies in a move many government officials attributed to scarcity of hard currencies, The Sudan Tribune reports. Media report suggest the move is a directive from the president's office. Report also suggests civil servants have gone for close to a year now without being paid because there is actually no money in the treasury. The Deputy Finance minister Mou Ambrose Thiik told the Reuters news agency in September that ending the fuel subsidies would free up desperately needed cash.

Egypt inflation surges to 33% after fuel subsidy cuts

Egypt's official statistics agency says the country's inflation rate has jumped to 33% in July - up from 29.8% in June.

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