WHY FUEL PRICES DOUBLED
The overnight doubling in fuel prices is a direct result of
the setting of a new official exchange rate reflecting the actual market value
of a US dollar, bringing Zimbabwean fuel prices into line with regional norms
and ending the quasi-fiscal subsi…
The overnight doubling in fuel prices is a direct result of
the setting of a new official exchange rate reflecting the actual market value
of a US dollar, bringing Zimbabwean fuel prices into line with regional norms
and ending the quasi-fiscal subsidy from the Reserve Bank of Zimbabwe (RBZ)
using an obsolete exchange rate.
Energy regulator, Zera uses a simple formula to calculate
the final