‘Decrease fuel taxes to bolster economy’

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BUSINESS is fretting over administered prices in the country, and especially fuel taxes, which have resulted in Zimbabwe having some of the most expensive petrol and diesel in the region.
Captains of commerce and industry who spoke to The Financial Gazette this week said Zimbabwe’s ever rising fuel prices were not only raising the cost of doing business in the country unduly, but also threatening the current relative local economic stability.
As a result, the business leaders added, the government needed to consider reducing the high taxes on fuel to avoid jeopardising the economy.