BUSINESS NEWS

Fuel price cut likely

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, Presi...

By Staff reporter | Published: 19 April 2018

BUSINESS NEWS

Fuel dealers comply with D50 directive

Most fuel dealers across the country have heeded Government's call for industry players to comply with Diesel 50 usage as part of efforts to use environmentally clean fuel that increases vehicles' lif...

By Staff reporter | Published: 09 April 2018

BUSINESS NEWS

Government mulls fuel, electricity tax cut

GOVERNMENT has announced that it is considering a reduction in fuel and electricity taxes to improve industrial productivity.Energy and Power Development Minister, Simon Khaya Moyo, told The Financial...

By Staff reporter | Published: 29 March 2018

INDUSTRIALS & ENERGY

Mnangagwa tackles fuel prices, liquidity

Government is set to introduce a raft of measures to rationalise fuel prices while fighting against cash challenges through ongoing engagements with several countries, Special Advisor to the Presidenc...

By Staff reporter | Published: 15 March 2018

BUSINESS NEWS

Fuel, electricity top imports bill

FUEL, cooking oil and electricity are on average chewing more than half of the $230 million allocated for imports monthly, showing very little signs of the foreign currency shortages easing anytime so...

By Staff reporter | Published: 14 March 2018

INDUSTRIALS & ENERGY

Zim revives fuel pipeline deal with Botswana

ZIMBABWE has revived plans to extend its Feruka fuel pipeline to Francistown in Botswana, businessdigest can reveal.Plans to stretch to Francistown the Feruka fuel pipeline, which links Zimbabwe and M...

By Staff reporter | Published: 23 February 2018

INDUSTRIALS & ENERGY

Contaminated fuel shuts filling station

A HARARE filling station shut down its operations on Tuesday after it emerged that its petrol was contaminated with water. Engen Petroleum at the corner of Kaguvi Street and Robert Mugabe Road had to ...

By Staff reporter | Published: 23 February 2018

INDUSTRIALS & ENERGY

Fuel prices trek upwards

FUEL prices have marginally increased in the country - by between 1c and 4c in the last two weeks - despite a recent drop in prices of up to 15 percent on the international market.Oil prices shot to $...

By staff reporter | Published: 19 February 2018

POLITICS

Tsvangirai's death fuels MDC-T turmoil

THE death of Morgan Tsvangirai, who succumbed to colon cancer in South Africa two days ago, has plunged Zimbabwe's main opposition MDC-T party into further turmoil, as one of the party's buccaneering ...

By Staff reporter | Published: 16 February 2018

INDUSTRIALS & ENERGY

'Fuel prices still high'

The Confederation of Zimbabwe Industries (CZI) says the country's fuel and electricity prices are still high despite the recent government intervention to reduce taxes on the energy sector."The CZI En...

By Staff reporter | Published: 15 February 2018

INDUSTRIALS & ENERGY

Zimbabwe fuel still remains highest in Sadc

Fuel costs in Zimbabwe are still much higher than anywhere else in the region even after government decreed fuel retailers to cut the price of petrol and diesel by up to 7,5 percent after a tax cut, e...

By Staff reporter | Published: 31 January 2018

BUSINESS NEWS

Fuel price cut to chop taxes by $90 million

The Zimbabwe Government's gave up more than $90 million yearly in potential excise duty on fuel when it decided to cut excise duty on fuel earlier this week as part of an internal devaluation process....

By Staff reporter | Published: 26 January 2018

BUSINESS NEWS

Fuel prices yet to fall in Bulawayo

FUEL dealers in Bulawayo are yet to comply with the Government's directive to reduce the prices of fuel.On Tuesday, the Government ordered fuel dealers to reduce the price of the precious commodity wi...

By Staff reporter | Published: 25 January 2018

BUSINESS NEWS

Minister orders fuel price cuts

GOVERNMENT yesterday ordered fuel price cuts with immediate effect a day after the Ministry of Finance and Economic Planning reduced excise duty on diesel, petrol and paraffin, as Government kickstart...

By Staff reporter | Published: 24 January 2018

INDUSTRIALS & ENERGY

Industry welcomes fuel duty reduction

CAPTAINS of industry have welcomed the reduction of excise duty on fuel saying this will see the pump price going down as well as reducing the cost of production in the manufacuring sector.In the pas...

By Staff reporter | Published: 24 January 2018

INDUSTRIALS & ENERGY

Govt announces new fuel prices

Government has ordered players in the petroleum industry to reduce fuel prices with immediate effect to $1,35 per litre for petrol, $1,23 per litre for diesel and $1,17 for paraffin following the redu...

By Staff reporter | Published: 24 January 2018

INDUSTRIALS & ENERGY

Duty on fuel reduced

Government yesterday reduced excise duty on fuel, in a move expected to result in a decline in prices of basic goods, as high production cost structures were being partly attributed to high fuel price...

By Staff reporter | Published: 23 January 2018

INDUSTRIALS & ENERGY

Fuel price goes up

THE price of petrol and Diesel-50 has gone up by two cents to $1,41 per litre on the back of a rise in "free on board" (FOB) prices, a move that is expected to trigger another round of price increases...

By Staff reporter | Published: 18 January 2018

INDUSTRIALS & ENERGY

Fuel prices set to rocket

Petrol prices are set to rocket in the next few weeks, experts predicted, driven by oil prices that touched the highest level in three-and-a-half years at $63,81 a barrel this week, which is 143 perce...

By Staff reporter | Published: 17 January 2018

INDUSTRIALS & ENERGY

Govt to build service stations in Harare, Masvingo

The State Procurement Board (SPB) has invited qualified contractors to submit sealed bids for construction of service stations in Masvingo and Harare.The tender invites are contained in a Government G...

By Staff reporter | Published: 14 January 2018

BUSINESS NEWS

Govt to revive fuel plant

THE Ministry of Higher and Tertiary Education intends to resuscitate a key fuel plant at Feruka as well as develop a solar energy project as part of its 100-day work plan, among other key policy progr...

By Staff reporter | Published: 12 January 2018

BUSINESS NEWS

Individual fuel imports banned

GOVERNMENT has banned the importation of fuel by individuals.In a notice issued by the Zimbabwe Energy Regulatory Authority (Zera) yesterday, Government said it has repealed Statutory Instrument (S.I....

By Staff reporter | Published: 08 December 2017

INDUSTRIALS & ENERGY

'CMED fuel scam culprits could scare off investors'

THE continued presence of staff who participated in the botched fuel deal that prejudiced the Central Equipment Mechanical Department (CMED) of $2,7 million could scare off investors willing to partne...

By Staff reporter | Published: 04 December 2017

BUSINESS NEWS

Fuel prices to go down

THE price of diesel will go down next year as  logistics associated with transporting the commodity will fall by half while the commodity will also be exempted from paying a road levy of 4c/litre...

By Staff reporter | Published: 03 December 2017

POLITICS

Chombo to review fuel levies

Finance and Economic Development  Minister, Dr Ignatious Chombo said on Wednesday government might, in the forthcoming 2018 national budget, review fuel taxes which make the commodity more expens...

By Staff reporter | Published: 19 October 2017
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