Zimbabwe’s finance and economic development minister Patrick Chinamasa, in delivering an underwhelming fiscal policy increased the prices of petrol,diesel,airtime and handsets.
Excise duty on fuel will go up by 5 cents for both diesel and petrol, ie to 30 cents and 35 cents respectfully. Fuel increase is set to affect everything, even if from a perception perspective.
Prices of basic commodities including transport costs and foodstuffs are likely to go up
An airtime duty of 5% will be introduced on airtime.
Vehicle duty will go up by 100% in some instances.
Unlike most Zanu (PF) party gatherings which are beamed live on national television, Chinamasa’s fiscal policy speech in Parliament was only broadcast on radio with a number of breaks in transmission during his delivery.