Iran War Fans Steep Fuel Hikes in Africa, Presidential Pay Cut

With fuel prices surging as much as 81%, African governments are rolling out subsidies and cutting taxes to help cushion households from an increase in energy costs triggered by the US-Israeli war on Iran.

Malawi, the world’s poorest country after Burundi, raised jet fuel by as much as 81%. Countries including Zambia, Tanzania, Namibia and South Africa also increased regulated prices from Wednesday.