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*Govt Contemplates Reducing Excise Duty On Fuel - Report* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ep The Minister for Finance and Economic Development Mthuli Ncube is mulling plans to reduce taxes on fuel to ease the burden on consumers, a Business Times report claims. The government raised fuel prices by over 150 per cent in January making Zimbabwe’s fuel the most expensive in the world. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- The Business Times report reads in part: > High-level sources at the Ministry of Finance told Business Times this week that the Treasury could soon reduce the tax on fuel to cushion motorists who are now paying up to RTGS$3,33 for a litre of petrol. > The reduction in taxes is in anticipation of exchange rate fluctuations following the establishment last week of an interbank foreign exchange market. > … According to a source privy to the developments, “the finance minister has declared war on inflation, and managing inflation is one of his top priorities. He is also expected to reduce lower growth rate projections to match economic developments.” > Finance Minister Mthuli Ncube could not be reached for comment as he was said to be attending the bi-national meetings between Zimbabwe and Botswana. *Related:* *Govt Dismisses Fuel Price Hike Reports* *Govt To Dismantle Queen Bee’s Hold Over Fuel Importation* *More: Business Times* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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