Following government to liberalize the supply of fuel in the process dumping the 1:1 rate that it was still using to subsidize consumers, fuel price is expected to go up further choking the already burdening citizens.

In a statement, RBZ Governor Dr John Panonetsa Mangudya said fuel companies will with effect from tomorrow get their foreign currency from banks at the interbank rate.

Mangudya added that this moves means the previously used 1:1 rate has ended.

This means government has ended its fuel price subsidies to consumers and is likely to see prices going up to over six dollars to match the current interbank rate as companies will obviously seek to sell the precious liquid at a viable price.

Below is the full statement from RBZ