President Mnangagwa on Saturday evening announced Government had decided to increase fuel. Mnangagwa announced new fuel prices have increased with effect from midnight. Petrol will now cost $3.31 per litre. Diesel will now cost $3.11 per litre.
Below is how a number of Zimbabweans reacted on Twitter:
Dear Zimbabwe, the president, as painful as it is, just announced a trip to hyperinflation. Keeping the fuel price artificially low for so long means the recent price increase will shock the system and we can expect a domino effect that will drive basics up by a minimum of 300%
— Nqaba Matshazi (@nqabamatshazi) January 12, 2019
Essentially …USD$1 = 3 Bond/RTGS #GedyeGedye
— Open Parly ZW (@OpenParlyZw) January 12, 2019
A whole president having to announce a fuel price adjustment. We are in serious trouble pic.twitter.com/t68XE3PVnM
— Kholwani Nyathi (@kholwaninyathi) January 12, 2019
Zimbabwe's fuel price was pathetically low. We all know that. But the President cannot realistically expect the petrol price to jump from $1,32 to $3,31 without having a domino effect on prices of ALL other goods & services. Brace for inevitable turmoil and immense pain.
— Brezh Malaba (@BrezhMalaba) January 12, 2019
#ThingsFallApart
To have the head of the pfee administration to announce midnight fuel price hikes under the cover of the night to benefit queen bees is a tragic joke that ain't funny. The centre is broken. It's time for visionary leadership, otherwise the people will perish! pic.twitter.com/hwmWUInipB— Prof Jonathan Moyo (@ProfJNMoyo) January 12, 2019
https://twitter.com/PatsonDzamara/status/1084182602028707841
@edmnangagwa announcing fuel prices shows the guy shld have been ZERA C. E. O, not President of the Republic. A coup with the help of misguided malcontents like former British Ambassador,@CatrionaLaing, gave us this bad joke for a president. #WeAreCursed .
— mawarire mbizvo jealousy (@mawarirej) January 12, 2019
Fuel price increases without wage increases can only mean one thing: wages and savings have been totally eroded. Prices will rise. Everything. The first sign is workers will not be able to go to work. You solve one problem but open up another. It’s a calamity. Solve the politics!
— Alex T Magaisa 🇿🇼 (@Wamagaisa) January 12, 2019
Interestingly, the President expressly insists that the rate between the bond and the US dollar is 1:1. However, he articulates one fuel price for locals paying in bond ($3+) & another for tourists, NGOs & foreign missions paying in hard currency (US$1+).
More policy confusion.
— Fadzayi Mahere🇿🇼 (@advocatemahere) January 12, 2019
If fuel is now $3.11/L and we maintain that the usd to bond is stil 1:1 there has been an inflation decree on the fuel of more than 100%. I don’t see how this won’t affect any other price. My full tank which used to cost $78 is now $215. These costs will be passed on to consumers
— (((tirivashe))) (@tcmundondo) January 12, 2019
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