Prominent entrepreneur and religious leader, Shingi Munyeza, has said that the recent fuel price increases and the promise to control prices by the Zimbabwe government is a “catastrophic” move that will result in shortages.
President Emmerson Mnangagwa announced the fuel price increases yesterday following a week of acute fuel shortages throughout the country. The prices have been increased by about 147%. The new price of Petrol is $3.11 per litre (up from about $1.34) and diesel now costs $3.11 a litre.
Munyeza said on his Twiter today:
NEW PETROL PRICES
BOND not 1:1 to USD
1. I support selling fuel in forex in some stations
2.Increasing bond pump price& forcing price controls is catastrophic,shortages will loom
3.Peacemeal review of incomes &prices is disastrous#SocialContract#NationalDialogueZW@InfoMinZW— Shingi Munyeza (@ShingiMunyeza) January 13, 2019
Related:
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How Zimbabweans On Twitter Reacted To Mnangagwa’s Fuel Increase Announcement
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Govt Increases Fuel Prices
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Govt’s Fuel Price Hike Shows Policy Confusion, Will Result In Chaos – The Independent Editor
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Govt Guests, Tourists To Buy Fuel In US Dollars At Designated Points
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Watch: Fuel Attendant Hit By Motorists For Corruption At Station
If you don’t know how to calculate percentages, leave them alone.
Maths skills required first
I told you Shingi has an honorary Doctorate he does not even understand the rebate section.