By Own Correspondent| Entrepreneur and religious leader, Shingi Munyeza, has warned government against controlling prices adding that the recent fuel price increases and the promise to control prices by the Zimbabwe government is a “catastrophic” move that will result in shortages.
President Emmerson Mnangagwa announced the fuel price increases yesterday following a week of acute fuel shortages throughout the country.
The prices have been increased by about 147%. The new price of Petrol is $3.11 per litre (up from about $1.34) and diesel now costs $3.11 a litre.
Munyeza said on his Twitter today:
NEW PETROL PRICES
BOND not 1:1 to USD
1. I support selling fuel in forex in some stations
2.Increasing bond pump price& forcing price controls is catastrophic,shortages will loom
3.Peacemeal review of incomes &prices is disastrous#SocialContract#NationalDialogueZW@InfoMinZW— Shingi Munyeza (@ShingiMunyeza) January 13, 2019