Sasol swings to profit on higher chemical prices, lower writedowns
Zimbabwe hit by second fuel hike in a week
7:03 CAT | 09 Mar 2022
FILE POHOTO - For illustration purposes only. ]File photo: iHarare]
Zimbabwe’s government has hiked fuel prices for the second time in a week, following rising oil prices on the international market.
With immediate effect, a litre of diesel will cost $1.68 (£1.28) up from US$1.51, while petrol will cost $1.67 per litre. Petrol prices have risen 10% in the last week and 18% since February.
The hike is expected to worsen inflation, which surged from 60% in January to 66% in February, meaning that the cost of living is rising.
Fuel price has gone up for the second time in less than two weeks.
Petrol & diesel now USD1.67 & USD1.68 up respectively from last week’s USD1.51. pic.twitter.com/APUUo0Frcg
— The Harare TimesZw🇿🇼 (@harare_1) March 9, 2022
#FuelPrice ‘Petroleum price reviews shall be done on a weekly basis,’ says Zimbabwe Energy Minister, Zhemu Soda speaking to the media hours after fuel prices went up a few days after another review. @BusinessTimesZW @ZimMediaReview @HevoiNews @984News1
📸 @AnesuMasamvu pic.twitter.com/M99EEvQjQh
— ZiFM Stereo (@ZiFMStereo) March 9, 2022
Source: BBC
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