The Automobile Association says if the Rand continues to strengthen against the US Dollar it could result in good news for motorists in the coming months.
Many Zimbabweans have reacted with frustration to President Emmerson Mnangagwa’s sharp increase in the price of fuel.
Motorists will receive a sigh of relief as the holiday period kicks in as the price of petrol is expected to drop significantly.
More than 400 people were hurt, 14 seriously, in a day and night of “yellow vest” fuel price protests around France that claimed one life, Interior Minister Christophe Castaner said on Sunday.
The French government says a motorist has killed a protester.
Economists have warned that it’s still too early to celebrate the projected fuel price cut next month as Government is still trying to recover money for the slate levy used to subsidise the previous fuel hike.
The sharp rise in the fuel price that will come into effect at midnight on Tuesday will have a negative impact on the agricultural sector.
The weak rand is the main reason for the steep fuel price hikes that will come into effect after midnight today.
The Department of Energy is expected to announce another fuel price increase during the weekend which the Automobile Association (AA) has warned will take to record high levels next month.