Sudan has taken the step to end fuel subsidies, cancelling previous prices and applying new prices in line with import costs, as well as transportation, taxes and profit margins, according to a statement from the Finance Minister.
Under the new system, the price of gasoline will rise from $0.35 to $0.70 per litre, while the price of diesel will more than double.
Sudan has been implementing financial reforms under observation of the IMF, in hopes of attracting foreign investing and improving the economy.
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