Zimbabwean Finance Minister Mthuli Ncube has warned that the country could be faced with further fuel price hikes to boost the new energy framework on the interbank forex market.
Currently, petrol and diesel cost more than ZWL5 against the official exchange rate of 1:8 to the dollar.The government has revamped the heavily subsidised Zimbabwe United Passenger Company to contain public anger. Diesel was the highest imported commodity between February and May at $307 million while petrol stood at $146m.
“This better than a deficit of $1.3 billion for the same period last year. This was, however, achieved through import suppression, including fuel and electricity,” Equity Axis said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Cant they sell that country to neighbouring countries?
edmustgo ZanuPfMustGo Tajamuka
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Communications minister promises relief for SABC in 10 days | IOL Business ReportThe broadcaster has been waiting since March for a lifeline from the government as its liquidity crisis deepens. It has a debt of R1.8 billion.
Source: IOL - 🏆 46. / 51 Read more »
BREAKING NEWS: Mboweni announces interim PIC board | IOL Business ReportThe surprise move is a contradiction of what new deputy finance minister David Masondo had said in a recent media interview on ENCA. This is going to make some looters unhappy... Why Maria Ramos who took part in manipulating our currency while she was Absa CEO
Source: IOL - 🏆 46. / 51 Read more »
Lesetja Kganyago reappointed Sarb Governor | IOL Business ReportThe two positions of deputy governor became vacant following the resignation of Francois Groepe and retirement of Daniel Mminele. Great!.
Source: IOL - 🏆 46. / 51 Read more »
#PICInquiry: Matjila lays bare political machinations and interference at PIC | IOL Business ReportDan Matjila laid bare the machinations that governed the asset manager's funding programmes in the last few years of his reign.
Source: IOL - 🏆 46. / 51 Read more »
WhatsApp working on quick edit media feature | IOL Business ReportWhatsApp is set to add a new quick edit media shortcut feature that will be enabled in the next updates.
Source: IOL - 🏆 46. / 51 Read more »