Categories: AFRICA

Tunisia: Fuel Crunch Adds to Economic Misery in Capital Tunis

Tunis residents are facing a disruption in fuel deliveries that has sparked long queues at petrol stations, the latest economic hiccup as Tunisia faces a crunch in its public finances.

Authorities insist that fuel deliveries are adequate and have blamed motorists in the capital for sparking shortages by flocking to fill up.

“The amount of fuel on the market is enough for the next 10 days, and another delivery is due on Monday,” Salouen Smiri of the petrol sector told Tunisian media.

For months, Tunisia has faced shortages of subsidized goods such as flour and cooking oil, which are imported by the state and distributed at lower-than-market prices.

Experts have blamed the situation on the country’s poor public finances and low credit rating, meaning suppliers demand to be paid in cash rather than on credit.

The government insists that fuel deliveries are proceeding as normal.

“It’s true that there have been problems of deliveries by boat… but the product is available,” said energy minister Neila Nouira Gongi.

“Before, suppliers used to give us a month or two to settle our bills, but that’s not the case anymore. Now, they won’t unload their cargo until they’ve been paid.”

While petrol stations across the capital have seen long queues since the weekend, other areas of Tunisia have remained largely normal.

Cash-strapped Tunisia is in talks with the International Monetary Fund (IMF) for a bailout loan of around $2 billion.

A long-running economic crisis has become more acute in recent months with commodity shortages and inflation at around nine percent.

The state’s financial difficulties, exacerbated by the war in Ukraine, are a challenge to the popularity of President Kais Saied, who in July last year seized far-reaching powers.

Africa News

Follow us on:

AriseNews

Recent Posts

Nigerian Government, Labour Sign Agreement on New Minimum Wage of N70,000

NIgeria's federal government and organised labour have signed an agreement on the new minimum wage…

41 mins ago

Israeli Air Strike Kills Senior Hezbollah Commander in Beirut

A significant escalation in the ongoing conflict between Israel and Hezbollah has occurred following an…

47 mins ago

Ayra Starr, Scorpion Kings, Tinariwen to Feature At 2024 CANEX WKND Concert

Africa’s largest gathering of creative industry professionals, CANEX WKND, is taking place from October 16-19,…

50 mins ago

Sri Lankans Vote In Crucial Presidential Election Amid Economic Turmoil

Sri Lankans are casting their votes in a significant presidential election on Saturday, the first…

56 mins ago

Plateau Governor Caleb Mutfwang Denies Defection Rumours, Reaffirms Loyalty to PDP

Governor Caleb Mutfwang of Plateau State has reaffirmed loyalty to the Peoples Democratic Party (PDP),…

59 mins ago

NNPC Renews Investor Talks To Resume $30bn LNG Projects

The Nigerian National Petroleum Company Limited (NNPC) has resumed discussions with investors towards bringing back…

1 hour ago