Fuel Price Increase & Price Controls Catastrophic, Shingi Munyeza

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:

https://twitter.com/ShingiMunyeza/status/1084316080527560704

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