ZUPCO SUBSIDY TO GOBBLE $8M A MONTH

(newZWire) Zimbabwe has budgeted to spend the equivalent of US$8
million per month to sustain its new plan to halve fuel duties and bus fares,
according to Finance Permanent Secretary George Guvamatanga.

Fuel prices started rising on Tuesday, a da…

(newZWire) Zimbabwe has budgeted to spend the equivalent of US$8 million per month to sustain its new plan to halve fuel duties and bus fares, according to Finance Permanent Secretary George Guvamatanga. Fuel prices started rising on Tuesday, a day after Reserve Bank of Zimbabwe ended the allocation of foreign currency to fuel companies at the 1:1 US dollar rate, saying they would now have