Sri Lanka’s crisis worsens as fuel and food prices soar

In the midst of the fuel scarcity crisis, NNPC promised that over 2.3 billion liters of PMS would be delivered before the end of February 2022 to totally arrest the situation. That promise is yet to be fulfilled as Nigerians are left stranded, filling stations packed with long queues, and the pump price increase. ⁣ ⁣

Nigeria to hold second interest rate meeting of 2022 on the back of an upsurge in inflation and fragile growth. Persistent double-digit inflation could pile pressure on the central bank to reconsider its dovish stance on rates.

The ongoing war in Ukraine is affecting the availability and prices of fuel in Nigeria, with many drivers now struggling to fill up their vehicles.

Kenya plans to pay subsidy arrears to fuel sellers this week amid shortages at the pumps. Like many developing economies, Kenya has been reeling with rapidly rising fuel prices, accelerated by the conflict in Ukraine.

Lebanon plunges into darkness as fuel shortage prompts shutdown of two power stations. Lebanon's two biggest power stations shut down due to fuel shortage, leaving the country in complete darkness on Saturday, a government official told Reuters.

World food commodity prices reached their highest levels ever in March, as war in #Ukraine spreads shocks through markets. The @FAO Food Price Index averaged 159.3 points in March, up 12.6% from Feb 2022 and was 33.6% higher than in March 2021.

Fuel shortages across Sri Lanka have prompted fuel rationing. For the seventh day in a row, protesters demonstrated in front of the president's office.

A number of Nigerian airlines are halting domestic flights from Monday (May 9) until further notice, due to the high cost of fuel. Domestic flights have been disrupted since March as some operators started to cancel internal schedules while others delayed operations, citing scarcity of fuel.

Last week, hackers tried to disable the servers of several German authorities and ministries. A Russian group claimed responsibility on Telegram. The Federal Police Office has reported an increase in cybercrime.

Last week, hackers tried to disable the servers of several German authorities and ministries. A Russian group claimed responsibility on Telegram. The Federal Police Office has reported an increase in cybercrime.

Sri Lankans told DW how they're struggling with shortages of food, fuel and medicine as the nation faces one of its worst economic crises in decades.

The war in Ukraine is having a drastic impact on Africa. Prices for wheat, gas and gasoline are at record highs. Crisis regions could see things get worse than they already are.