Industry raises alarm over rising costs

Petrol surged from US$1,56 per litre in February to US$2,23 by mid-March, while diesel rose from US$1,52 to US$2,11 over the same period.

ESCALATING production costs are squeezing local firms, even as the country maintains single-digit inflation, the Confederation of Zimbabwe Industries (CZI) has warned.Advertisements The trend, driven primarily by rising prices for fuel, fertiliser, and other essential inputs, has significantly inflated production and logistics costs. In an update, the industry body said the operating environment during the…

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