Zimbabwe protests after petrol, diesel price hike

Several people have been killed during protests in Zimbabwe after the government more than doubled the price of fuel overnight.

Hundreds more were arrested as demonstrators took to the streets in the cities of Harare and Bulawayo.

Burning tyres have been used to barricade roads and block bus routes.

President Emmerson Mnangagwa said the fuel price rise is aimed at tackling shortages caused by an increase in fuel use and “rampant” illegal trading.

Zimbabwe’s government is trying to resuscitate the country’s struggling economy.

Inflation is running high while wages have stagnated.

Security Minister Owen Ncube confirmed there had been deaths but did not give a figure.

He blamed opposition figures and political rights groups for the violence and said an investigation was under way.

The southern African nation faces a severe shortage of US dollar cash and confidence in its bond notes, which are supposed to be worth the same as the dollar, is low.

The bond notes, or “bollars”, have lost value because of a lack of foreign currency backing the note, and are now worth much less than a dollar.

Zimbabwean companies are also not producing enough to satisfy local demand or to earn foreign currency by exporting goods. Instead, the country is importing more than it is exporting and struggling to pay.

In Harare, most businesses are closed following calls by trade unions and the opposition for a three-day strike over the fuel price increase.

Riot police have been deployed in the capital and in the southern city of Bulawayo.

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Source: BBC

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