President Emmerson Mnangagwa this evening announced a dramatic increase in the price of fuel at an early evening address at State House.
Petrol will now retail at Z$3.31 (US$0.92), up from Z$1.32, with diesel selling at Z$3.11 (US$0.86), up from Z$1.25.
Flanked by Finance Minister Mthuli Ncube and acting Energy Minister Perence Shiri, Mnangagwa said he did not believe businesses would hike prices in response to the increase in fuel price and promised a “package of measures” to cushion civil servants before a substantive cost of living adjustment in April.
The move will likely deepen government’s battle with civil servants who are demanding a salary increase. The average government worker earns a little under Z$400 and is now effectively working for half a drum of diesel (100 litres), as per the new pump prices.