Zimbabwe Announces a Fresh Increase in Fuel Prices

The Zimbabwe Energy Regulatory Authority (ZERA) said petrol would cost 46 percent more with a litre costing $1. ZERA said the move followed new measures by the central bank removing a subsidy and a preferable exchange rate for fuel importers. Treasury’s permanent secretary George Guvamatanga said the government would subsidise public transport and that the state bus company would charge a maximum of RTGS$1 for local trips to cushion commuters from the effects of the fuel price hikes.

SOURCES: AL JAZEERA

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