Zim­babwe pres­i­dent dou­bles price of gas as fuel cri­sis bites

The Guardian (Charlottetown) - - BUSINESS -

HARARE, Zim­babwe — Zim­babwe’s pres­i­dent has more than dou­bled the price of gaso­line, hop­ing the in­crease will end se­vere short­ages that are fu­el­ing pub­lic anger as he de­parts on a for­eign trip to Rus­sia and other coun­tries in search of in­vest­ment.

In a press con­fer­ence Satur­day night, Pres­i­dent Em­mer­son Mnan­gagwa said the in­crease in the state-con­trolled price of fuel should ease the short­ages that have gripped the coun­try in re­cent weeks. Mnan­gagwa left Zim­babwe Sun­day on a trip that will con­clude with his at­ten­dance at the World Eco­nomic Fo­rum meet­ing in Davos, Switzer­land. Zim­babwe’s gas short­ages high­light that this south­ern African coun­try is bat­tling its worst eco­nomic cri­sis in a decade due to a se­vere dearth of for­eign cur­rency.

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