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Tag: fuel price

Posted inNews

Fuel price jumps as RBZ ends subsidised forex supply to OMCs

by Staff Reporter 21st May 2019

By Thabani Zwelibanzi The Reserve Bank of Zimbabwe (RBZ) on Monday evening announced it was ending the US$1: RTGS$1 exchange rate for fuel importers, a move that has seen fuel prices rising up by almost 50%. Fuel companies have been getting foreign currency at concessionary rates, but with effect from Tuesday, the central bank said […]

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