October 17, 2024
WHY, why, why? This was the question many were asking this week after the Minister of Finance Patrick Chinamasa increased duty on fuel at a time industrialists, motorists and the general public were preparing for a sharp decline in fuel prices in line with falling international fuel prices.…
TOURISM Minister Walter Mzembi has questioned why Zimbabwe has not benefited from the plunge in global oil prices saying had he been in charge of the energy portfolio he would order an immediate investigation. Wholesale fuel prices on the global market have fallen by a quarter and many countries including…
ZIMBABWE Energy Regulatory Authority (Zera), which regulates the country’s energy sector, has launched an audit on fuel firms to establish the pricing of fuel. This appears to have been triggered by the fact that despite international oil prices easing by about 30 percent since June, fuel prices have…