TUNIS, June 23, 2018 (News Wires) - Tunisia raised fuel prices Friday by 4 per cent, the third hike this year as the government seeks to a cut budget deficit. The price of a litre of petrol will rise to 1.925 Tunisian dinars ($0.741) from 1.85 dinars, starting Saturday, the energy ministry said in a statement. The two previous increases this year were in March and January. Fuel subsidies this year will rise from an expected 1.5 billion dinars ($578 million) to 4 billion dinars with the rise of world oil prices, economic reforms minister Taoufik Rajhi said earlier this month. Tunisia has forecast that the budget deficit will fall to 4.9 percent of gross domestic product in 2018, from about 6 percent in 2017. ($1 = 2.5980 Tunisian dinars)
