The price of fuel is expected to increase again from Wednesday.
The steepest petrol price increase in four years will take effect at midnight on Wednesday.
Convenor of the People Against Petrol and Paraffin Price Increases, Visvin Reddy, has warned government that the new fuel price increase will have a direct impact on the results of next month’s elections.
Economists say the latest fuel price increase will have a knock-on effect on the price of food.
Commuters were stranded in Zimbabwe’s two main cities on Monday.
Economist Azar Jammine says he’s confident that the massive hike in fuel prices does not spell a major downturn in the economy.
The Automobile Association is warning of steep fuel price hikes at the end of July.
Motorists can expect some financial relief this month as the price of fuel will be cut.
The Department of Minerals and Energy says petrol will increase by 43 cents a litre.
Zimbabwe’s energy regulator has raised petrol and diesel prices by up to 16%, the fourth increase this year, after the finance minister said fuel was considerably cheaper than in neighbouring countries. President Emmerson Mnangagwa announced the biggest fuel price hike in January, a 150% increase, which sparked deadly protests by financially struggling Zimbabweans that left […]