Filling stations heed order to slash fuel prices
PLAYERS in the petroleum industry have heeded Government’s order to slash fuel prices following the reduction of excise duty by Finance and Economic Development Minister Patrick Chinamasa this week.
A snap survey by The Herald in Harare’s central business district (CBD) yesterday showed that the pump price for petrol at service stations like Zuva, Trek, Total and Puma was $1,35 per litre while diesel was selling at $1,23 per litre.
Only Engen appeared to have defied the Government directive as its petrol was selling at $1,43 per litre and diesel at $1,30 per litre.
The Zimbabwe Energy Regulatory Authority (Zera) yesterday said it had deployed teams on the ground to monitor compliance.
“We have already deployed our teams to do surveys and so far we have no reports, but we are hoping to receive some reports by end of today (yesterday),” Zera CEO Engineer Gloria Magombo said.
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Responses to “Government announces new fuel prices” Thank you for the little bit so far. We would encourage continuous review of the excessive fuel duty as the economy improves. On the same token of recommended fuel prices, can something be done about service stations which violate rules? Who is authorising this? — @Yolandazengwa.
*** That is still too expensive. Prices should be less than $1. Compared regionally, even the wholesale price per litre is around $0,65$0,70. The prices are unrealistic. Government duty is too high I suppose. — @tino bambo.
*** Response to “Bigwigs get 5 weeks to declare assets” A great idea that requires thorough follow up. I strongly urge the Government to do likewise in the private sector. Corruption is rampant in the country thus no stone should be left unturned. For example, buyers in the private sector have become richer through corruption, which is bad for our country. Urgent action is needed there. — @James Dada.
The Herald — Zimbabwe
Responses to “Bigwigs get 5 weeks
to declare assets” This is a good policy. The declaration should be public and comprehensive. The sources of the capital used to acquire the assets should be revealed. Most importantly, assets owned via companies, trusts, special purpose vehicles and other instruments ought to be declared. Good corporate governance also requires declaration of the assets held by an official’s close connections including siblings, spouse and children. Foreign assets must also be declared. — Chamunorwa Mutune.
*** Our community is largely under the influence of the private sector. Government should extend beyond civil service to private sector. Our economy is informal and a key move is to ensure compliance by private players too. — Leonard Chibamu.
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After edging Sri Lanka in the second match of the tri-series at the Mirpur in Dhaka, our Chevrons reminded the world that we are still one of the finest cricket sides in the world. Hope is not lost for the Heath Streak-coached side who were defeated by Bangladesh. Our Chevrons outlined why they are ranked among the Top 10 Test and ODI cricket nations in the world by bouncing back after the first defeat. Momentum and confidence are now vital ahead of the World Cup qualifiers in a few months’ time. On a positive note, we hope Hamilton Masakadza, Sikandar Raza and Solomon Mire will take us through to the next level. — Felix Zonke, Harare.
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Responses to “Government announces new fuel prices.” How can diluted fuel be more expensive than undiluted? When fuel is diluted with ethanol we expect prices to go down and not the other way around. This demonstrates my assumption that the ethanol deal was corruption only and not for the good of the nation. Ethanol is supposed to be cheaper, but it’s making petrol more expensive despite that it damages cars. So we have a burden of higher prices by ethanol and a burden of repairs. May you remove the mandatory blending so that petrol gets cheaper. — Hombarume.
*** Whilst the direction is right the speed at which we are moving is too slow. Reducing the price by a few cents will not have a significant impact on pricing. Fuel is only one fraction of a bigger piece in determining the cost of goods and services. We have issues around foreign currency availability and utility costs as well. A reduction to say $1 would have made a lot of sense. — Progressive Zimbabwean.
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