Tunisia hikes cooking gas, fuel prices in bid to cut subsidies - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The Energy Ministry said the cooking gas price will increase to 8.800 dinars from 7.750 dinars, in the first raise in 12 years.

The gasoline price will be raised on Tuesday to 2.400 dinars per litre from 2.330 dinars, a 3% increase, the ministry said in a statement. The rise in fuel prices is the fourth this year. Tunisia expects its budget deficit will expand to 9.7% of gross domestic product in 2022, up from a previously expected 6.7%, due to the stronger dollar and a sharp increase in grain and energy prices.

The North Africa country, suffering from its worst financial crisis, is trying to agree on a new financing program with the International Monetary Fund. The energy balance deficit doubled to 6 billion dinars in the first eight months of 2022 compared with 2.9 billion dinars last year, driven by the impact of the war in Ukraine.

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