Fuel prices are increasing by 5% in Tunisia

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The Ministry of Energy said that Tunisia raised fuel prices for the third time this year in an effort to curb the public budget deficit, one of a series of reforms demanded by the country’s international lenders.The ministry added in a statement that the price of a liter of gasoline will rise on Tuesday to 2.095 dinars from 1.995 dinars.

The International Monetary Fund urged Tunisia last year to cut wage allocations and restrict energy subsidies to reduce the budget deficit, which puts more pressure on the fragile government amid a financial and political crisis.Tunisia is trying to agree on a new financing program with the IMF, and officials have said discussions are expected to begin at the end of this month.

Tunisia’s budget deficit for the past year was 11.5 percent.





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