President ED Mnangagwa has announced that the price of fuel has with effect from the 13 of January 2019 been increased. The new price on the pump for Diesel is now pegged at $3.11 per litre and Petrol is now pegged at $3.31 per litre.
In his address to the nation at the state house the President also introduced a special rebate for to registered business in Manufacturing, Mining, Commerce and others so as to curtail price increases emanating from the fuel price increase. However the government still maintains that the new prices for fuel are predicated by on the ruling official exchange rate of 1:1 between the Bond note and US$.
The President also announced that the Government is also putting in place a package of measures to cushion its workers, until a full review of cost of living adjustment package due in April 2019 is effected in the context of current budget.
You can see his full statement below:
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