BREAKING: Mnangagwa raises prices of fuel to $3 per litre

BREAKING: Mnangagwa raises prices of fuel to $3 per litre
Published: 12 January 2019 (242 Views)
President Emmerson Mnangagwa has announced that the price of fuel has been hiked to $3.31. He was speaking in a press briefing on Saturday at State house.



The President said the move has be done to  prevent generalised price hikes which are hurting the ordinary commuting citizens.

We publish an excerpt of the statement below:

Starting midnight today, fuel prices have been increased. Diesel pegged at $3.11 per litre, Petrol pegged at $3.31.

These prices are predicated by on the ruling official exchange rate of 1:1 between the Bond note and  Government is aware of attempts by certain elements seeking to cause unrest in the country by capitalising on fuel shortage.

Where criminal traces are apparent, the law will take its course.

Government to enhance the export incentive scheme by an additional 2.5%.Government is also putting in place a package of measures to cushion its workers, until a full review of cost of living adjustment package due in April 2019 is effected in the context of current budget.

Government guests by way of foreign missions and other registered foreign bodies and tourists will fuel and refuel at designated points at price US$1.24 and US$1.32 for diesel and petrol respectively.






- Byo24News

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Chiwenga opens internet but closes social media

by Mandla Ndlovu | 18 January 2019 | 210 Views

Social media 'still blocked in Zimbabwe'

by BBC | 18 January 2019 | 121 Views

Our grandparents need good care

by Thomas Murisa | 18 January 2019 | 70 Views

More MDC leaders arrested

by Mandla Ndlovu | 18 January 2019 | 272 Views

FC Platinum beaten in Tunisia

by Staff reporter | 18 January 2019 | 109 Views

Zimbabwe economy suffered $800m loss

by Staff reporter | 18 January 2019 | 81 Views

Suspected looters denied bail

by Staff reporter | 18 January 2019 | 91 Views

VPN searches in Zimbabwe surge 1,560%

by Staff reporter | 18 January 2019 | 89 Views

Death penalty should be abolished in Zimbabwe

by Joyce Chigiya | 18 January 2019 | 47 Views

Remember the voiceless NSSA pensioners

by Tondo | 18 January 2019 | 57 Views

World Remit fails to pay out cash due to #ZimbabweShutDown

by Staff reporter | 18 January 2019 | 61 Views

PHOTOS: Young lady based in UK gives back to her Zimbabwean community

by Staff reporter | 18 January 2019 | 70 Views

Plot to assasinate Promise Mkwananzi?

by Mandla Ndlovu | 18 January 2019 | 70 Views

Evan Mawarire talks of 'heartbreak'

by BBC | 18 January 2019 | 202 Views

Open letter to Nelson Chamisa

by Peacemaker Zano | 18 January 2019 | 221 Views

New uniform tickles Zambians

by BBC | 18 January 2019 | 119 Views

Rights group petition Switzerland President to ban Mnangagwa

by Mandla Ndlovu | 18 January 2019 | 193 Views

Government Internet Shut Down Justified

by Gift Mashoko | 18 January 2019 | 126 Views

Africa Human Rights Film Festival

by Agencies | 18 January 2019 | 49 Views

The case for the internet shutdown

by Nobleman Runyanga | 18 January 2019 | 119 Views

Bulawayo activist on Chiwenga's alleged hit list skips the border

by Mandla Ndlovu | 18 January 2019 | 227 Views

Kirsty Coventry speaks on resignation

by Mandla Ndlovu | 18 January 2019 | 260 Views

Belarus deal to make Zimbabwe transport logistics hub

by Staff reporter | 18 January 2019 | 135 Views

Govt, civil servants resume talks

by Staff reporter | 18 January 2019 | 137 Views

9 facts, myths about Zimbabwe mayhem

by Tichaona Zindoga | 18 January 2019 | 115 Views

Riots aftermath: Who pays the reconstruction bill?

by Staff reporter | 18 January 2019 | 85 Views

Massive job losses, Bulawayo worst affected

by Staff reporter | 18 January 2019 | 103 Views

Bosso players to undergo medicals

by Staff reporter | 18 January 2019 | 73 Views

Mutsvangwa calls for laws regulating social media

by Staff reporter | 18 January 2019 | 99 Views

New transport fares announced

by Staff reporter | 18 January 2019 | 129 Views

Chamisa told to put national interest first

by Staff reporter | 18 January 2019 | 83 Views

MDC perpetrating violence, violating human rights

by Anesu Pedzisayi | 18 January 2019 | 75 Views

Government orders schools to open

by Staff reporter | 18 January 2019 | 99 Views

Jonathan Maphonjwana Moyo 'kills' wife, daughter, hangs self

by Staff reporter | 18 January 2019 | 112 Views

'Chamisa's MDC liable for stayaway damage'

by Staff reporter | 18 January 2019 | 85 Views

St Faith's sets new A-Level record

by Staff reporter | 18 January 2019 | 100 Views