HARARE, Zimbabwe (AFP) — Zimbabwe on Wednesday announced a 150 percent rise in the price of fuel following the launch of a forex auction system which eroded the value of the local currency. The price of a litre of diesel jumped 152 percent to ZW$62.77 ($1.12) from ZW$24.93 while petrol shot up 147 percent to ZW$71.62, the country’s Energy Regulatory Authority said in a notice. The central bank re-introduced forex auctioning on Tuesday, the first […]