adminPetrol prices increased from by US$0,05 to US$1,57 while that of diesel went up by the same margin to US$1,40. Consumers are worried the new prices would be transferred to goods and services that rely on the fuels for transportation and production. Fuel companies have confirmed they have passed the costs to motorists.
Finance Minister Tendai Biti said Government increased fuel prices to raise funds for elections. Excise duty was increased by 20 percent.
The Zimbabwe Electoral Commission presented a budget of US$85 million for the referendum to be held on Saturday and another US$132 million for general elections to be held on dates yet to be proclaimed. Comoil managing director Mr Lovemore Mazero said his company would pass on the cost to motorists.
Online Reporter