Fuel prices are expected to decline in the near future amid indications that Government is contemplating further reducing excise duty on diesel and petrol with a view to contain price increases, President Mnangagwa said yesterday. On January 22, Government reduced Excise duty on petrol from 45 cents per litre to 38,5 cents per litre, while duty on diesel and paraffin fell from 40 cents per litre to 33 cents per litre.
President Mnangagwa said the mooted Excise duty reduction will also enhance competitiveness of local products on the export markets. He also said efforts were underway to arrest cash shortages in the country, which have caused "great hardships" to citizens.
...