Fuel, bread prices up

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Blessings Mashaya

THE Zimbabwe Energy Regulatory Authority (Zera) last night hiked the price of fuel at a time the country is experiencing serious shortages of petrol and diesel, forcing motorists to spend hours in long-winding queues.

Besides the hike in petroleum prices, the long-suffering Zimbabweans would also need to fork out more when buying bread after bakers yesterday increased its price from about $33 to $45 per standard loaf.

In a terse notice, Zera said petrol would now cost $28,96 a litre from $21, while diesel is now $24,93 from $20,84 as a result of an increase in free on board and dealer margin fees.

“Operators may, however, sell at prices below the cap depending on their trading advantages,” Zera said.
Despite the increase, Zimbabwe’s fuel remains the cheapest in the region where petroleum prices average US$1 per litre.

Since January, Zera has intermittently increased the prices of fuel despite it being in acute shortage.
In a snap survey by the Daily News yesterday, the price of a standard loaf of bread shot up to $45 from $33 in most supermarkets.

The latest increases in fuel would leave hard-pressed Zimbabweans in a dire situation as most prices of basic commodities will skyrocket.

This comes as the Zimbabwe dollar continues to plunge on the grey market with disastrous consequences on prices of basic goods. The Zimdollar is trading at $70 to the US$ on the parallel market.

There are growing calls from industry, commerce and general populace for the government to once again sanction the use of the United States dollar in the country.

It also comes as many shops and individuals in the country have increasingly taken matters into their hands by demanding payment for goods and services in US dollars only, meaning that the economy is self -re-dollarising.

1 Comment
  1. justice says

    and in all this confusion and once again, as in the periods 2000 to 2008, bank workers and money lenders now have the monopoly to make money through side deals,arbitrage from cash shortages, long queues, service charges, taxes etc because after having been assisted by legislation to take away econet’s market share. As in ‘Pabva gondo pagara zizi’. Same with the Zupco vs private kombis situation.But in all this, the daily frustrations of unproductive queues will still remain because they are a symptom and not the source of the problem.

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