The Government is set to announce further steps to ensure a steady fuel supply and keep prices in check, easing pressure on the cost of living. Finance Minister Professor Mthuli Ncube says the focus is shifting from price controls to guaranteeing availability.
The Cabinet has approved a review of fuel taxes to mitigate inflationary pressure, and officials are considering increasing ethanol blending in petrol from 5% (E5) to 20% (E20), potentially cutting prices by US$0.18 per litre. Follow our Whatsapp Channel For Instant Updates
"We're in regular contact with fuel suppliers to keep supplies steady," Prof Ncube said, adding that levies are being reviewed and further tax adjustments are being worked on. The current petrol price is US$2.17 per litre.
The move comes as global supply disruptions linked to the Middle East conflict affect fuel availability. Other countries, including Mauritius and South Africa, are also reporting shortages and taking measures to cope.
Comments (0)
Join the conversation
Sign in with Google to comment and like articles
No comments yet. Be the first to share your thoughts!