President Emmerson Mnangagwa’s government is battling rampant prices.

By BRIGHTON MURONZEREYI

ZIMBABWEANS should brace for another increase in prices of basic commodities after authorities yesterday hiked fuel prices as the world continues to feel the heat of the Russia and Ukraine conflict.

This comes after Zimbabwe Energy Regulatory Authority (Zera) increased the price of diesel from $213.90 to $264.77 while petrol price is now pegged at $252.40 up from $213.49.

In terms of the United States dollar (US$), the price is now US$1.71 per litre from US$1.60 for diesel and US$ 1.63 from US$1.59 for petrol.

Confederation of Zimbabwe Retailers president Denford Mutashu said the whole economy is going to be affected by the increase in fuel prices.

“Consumers must brace for another price escalation because the movement of crude oil on the international market is constraining us as a country with the Russian-Ukraine war anticipated to take long. An ordinary person on the street is feeling the harsh reality,” Mutashu said.

Zimbabwe Congress of Trade Union (ZCTU) secretary general Japhet Moyo said the increase in fuel prices would see workers’ salaries eroded further.

“The cost of living is generally going up and the salaries have not increased for a quiet time and it has affected the workers lifestyle and the society in general.

“There is a need for the government to introduce subsidies on basic goods such as cooking oil, bread and mealie-meal so as to cushion members of the public,” Moyo said.

This comes as prices of basic goods have been skyrocketing in the country in the last few weeks, putting pressure on the already suffering Zimbabweans.

Last week, President Emmerson Mnangagwa told a Zanu PF central committee meeting in Harare that authorities were putting in place a number of measures to deal with ever rising prices of basic goods in the country.

“The government is addressing the recent runaway exchange rate and spikes in prices of basic goods and services resulting from imported inflation and criminal activities by persons and entities we identified and we are going to punish them.

“As party leaders, let us continue to be disciplined and upright in all our business dealings.

“I equally call upon our business people to desist from profiteering tendencies as this goes against the mantra, ‘Nyika inovakwa nekutongwa nevene vayo/Ilizwe liyakwa, libuswe ngabanikazi balo’.

“Let us all be responsible citizens who are averse to profiteering and the suffering of our people,” the seemingly irate Mnangagwa said. – Daily News