"Zimbabweans should brace themselves for another fuel hike this month’s as service stations are set to increase the price of the commodity to US$1,50..."
Zimbabweans should brace themselves for another fuel hike this month’s as service stations are set to increase the price of the commodity to US$1,50 per litre while diesel will be sold at US$1,09 with effect from Tuesday next week.
The increment comes barely a month after the price of the commodity increased from levels of US$1 per litre for petrol and US$0,80 for diesel to US$1,30 and US$1 respectively.
Fuel resellers noted that the recent spate of increases have been largely a result of increases in fuel duty and government levies of which at the current price of US$1,30 government was taking US$0,59.
Global oil prices on the other hand have remained depressed with a barrel of oil trading at an average of US$70 per barrel of which it has been forecasted to remain below US$90 per barrel by end of year.
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