President Emmerson Mnangagwa has released a statement on his Facebook saying that his government is now acting decisively after fuel prices were increased last night.
Reads the post:
Following the current shortfall in the fuel market, we have chosen to act, and act decisively. The shortage, attributable to increased fuel usage in the growing economy, and compounded by rampant illegal currency and fuel trading activities, is unsustainable and Government has today decided on the following measures:
- A fuel pump price set at $3.11 per litre for diesel, and $3.33 per litre for petrol.
- We will grant a rebate to all registered business entities in Manufacturing, Mining, Commerce, Agriculture and Transport sectors, to be decided at a later date.
- Enhance the export incentive scheme by an additional 2.5%
- Implement immediate measures to ensure constant fuel supply into the country for sustainable fuel availability
- Put in place a package of measures to cushion Government workers, until a full review of Cost-of-living Adjustment package due in April is effected (in the context of the current budget)
- Begin a comprehensive audit of all fuel draw-downs to establish all misuse of fuel including politically motivated and criminal conduct.
As the new Zimbabwe continues to progress, both economically and diplomatically, we must stay on track and keep on moving forward. Tomorrow, I will embark on a five-nation visit to continue this journey. My visit will focus on bilateral economic engagement, especially in the areas of mining, technology, agriculture, energy and human capital development. In Switzerland, I shall be attending the Davos World Economic Forum, where I will be meeting with world leaders and business executives.
I shall be consolidating and reaffirming our crucial message that “Zimbabwe is Open for Business” with “Dialogue” paramount in the context of our policy of engaging and re-engaging the world.
For Zimbabwe to recover, we cannot go it alone. The new Zimbabwe is moving forward, but unlike in the past, now we must move forward with friends and partners from all around the world by our side.
Related:
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How Zimbabweans On Twitter Reacted To Mnangagwa’s Fuel Increase Announcement
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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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Fuel Price Increase & Price Controls Catastrophic, Shingi Munyeza
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The question is,how many of these politicians are in fuel business?I heard from the grapevine that Zuva petrol stations are owned by Mnangagwa.This is to be verified ofcourse but there is no smoke without fire.People must see that the economic crisis is benefiting the politicians.They never want things to change.They are inentionally causing this crisis.How can you now announce providing fuel immediately after fuel price increase?You can see that it was a planned thing.Now they are going to make a killing because they are the ones with companies which sell fuel in Zimbabwe.For how long should we be taken for granted.We need another quo.This time to completely eliminate those in power because they will never leave.