Tunisia raises fuel prices 3% for second time in recent months

Alwasat - Cairo Tue 03 Apr 2018, 07:38 PM
alwasat radio

The Tunisian government has decided to raise gasoline and fuel prices by about 3% for the second time in three months, as part of a package of reforms demanded by international lenders to reduce the country’s deficit.

The price of gasoline will rise to 1.85 dinars ($ 0.77) from 1.8 dinars as of Sunday, according to a statement by the Energy Ministry in Tunis.

The government raised fuel prices in January. Last week, the International Monetary Fund (IMF) approved a $257 million tranche for Tunisia.

The fund said in a statement that it’s 2018 priorities were to increase tax revenues, and to refrain from raising wages unless growth is achieved or if fuel prices continued to rise.

Reform Minister Tawfiq al-Rajhi said the value of the state's fuel subsidies would rise in 2018 to about three billion dinars from the expected 1.5 billion due to high oil prices on world markets.

The government hopes to cut the deficit down to 4.9 percent this year, compared to about 6 percent last year.

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