Home LOCAL NEWS Economist Warns Govt Over Continued Fuel Price Hikes

Economist Warns Govt Over Continued Fuel Price Hikes

Motorists Claim Zimbabwean Fuel Is Over-diluted And Of Poor Quality

Economist Warns Govt Over Continued Fuel Price Hikes

A local economist, Prosper Chitambara, has warned the government against continued fuel price increases arguing that this will hamper current efforts to stabilise the economy.

He made the remarks shortly after the Zimbabwe Energy Regulatory Authority (ZERA) increased the prices of petrol and diesel this week. Said Chitambara:

While it is a fact that fuel prices have been significantly increasing on a global scale as the world swiftly emerges from COVID-19 lockdowns, the sad part is that Zimbabwe fuel price increases will be a double-edged sword for locals who have endured prices already higher than those of other global players.

The government must urgently see sense in reduced fuel prices as this will go a long way to boost productivity and ultimately increase other sources of revenue for the government.

On Wednesday, ZERA set the maximum pump price of diesel at ZWL$115.15 or US$1.34 per litre and petrol at ZWL$118.42 or US$1.38 per litre.

This is a slight increase from the fuel prices of August that were pegged at ZWL$114.29 or US$1.33 per litre of diesel and ZWL$117.07 or US$1.37 per litre of petrol.

In other news,

Man Kills Self. . . PARTNER IMPREGNATED BY ANOTHER MAN

A 27-YEAR-OLD Highfield man committed suicide over his lover who reportedly eloped to another man.

Man Kills Self. . . PARTNER IMPREGNATED BY ANOTHER MAN

Takudzwa Chifamba’s body was found hanging at his friend’s house in the same suburb.

Takudzwa, a Catholic church song composer and journalism student, left a suicide note at his lover (only identified as Christine’s) house and also sent the same note to…Full Story

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.