{"id":15358,"date":"2019-10-29T20:11:47","date_gmt":"2019-10-29T18:11:47","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=15358"},"modified":"2019-10-29T20:11:47","modified_gmt":"2019-10-29T18:11:47","slug":"fuel-and-data-prices-skyrocket-in-zimbabwe","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/fuel-and-data-prices-skyrocket-in-zimbabwe","title":{"rendered":"Fuel and data prices skyrocket in Zimbabwe"},"content":{"rendered":"

HARARE<\/a> – Fuel prices and telecom<\/a> tariffs in Zimbabwe have been hiked, with consumers in the economically country taking a further knock and prices as well as commuter fares expected to increase further.<\/p>\n

Zimbabweans are currently grappling with austerity measures under Finance Minister Mthuli Ncube<\/a>\u2019s economic reform program. Petroleum pricing were liberalised earlier this year as the government removed subsidies.<\/p>\n

Zimbabwe Energy Regulatory Authority said late last night that blended petrol will cost ZWL16.75 per liter, up from ZWL14.97 while the diesel price has also risen from ZWL15.64 to ZWL17.47.<\/p>\n

\u201cFor the first time since the interbank was introduced, the fuel price has been aligned with the prevailing interbank rate of the day,\u201d said economists at Market Watch Zimbabwe on Tuesday.<\/p>\n

According to ZERA, the interbank exchange rate for petroleum imports is currently pegged at 1:15.57. However, accessing forex on the interbank market has been problematic, according to business executives inside Zimbabwe.<\/p>\n

Moreover, exchange rates on the parallel markets have surpassed 1:20. Telecom companies have also been battling against the exchange fluctuations and have been adjusting data prices in line with the exchange rates movements.<\/p>\n

Econet Wireless, the biggest telco in Zimbabwe, on Tuesday advised its subscribers \u201cto take note of our new tariffs effective 29 0ctober 2019 via text message. The new tariff adjustments have affected both voice and data calling costs on the network<\/p>\n

According to a schedule released by the company, it now costs ZWL0.96 to call for a minute on the Econet network. Data tariffs have now been pegged at 0.19 per Megabyte.<\/p>\n

\u201cWhilst Econet and NetOne have adjusted pricing around similar times, at the time of writing NetOne hasn\u2019t adjusted their pricing and their bundles are much more competitive than what is being dangled by Econet. Where ZWL20 gets you 250MB with Econet, the same amount gets NetOne subscribers 1GB of data,\u201d commented the Techzim blog.<\/p>\n

There have been calls for data prices to fall but the Posts and Telecommunications Regulatory Authority of Zimbabwe has defended operators in the industry \u2013 which also include state owned NetOne and Telecel as well as fixed phone operator TelOne \u2013 saying they have foreign currency denominated components on their cost structures.<\/p>\n

Zimbabweans can now expect a further rise in inflation as retailers and commuter operators will likely pass on the costs to consumers.<\/p>\n

President Emerson Mnangagwa cautioned against further increases of prices of goods and commodities by retailers and other businesses.<\/p>\n

His administration has also resisted instituting price controls. United States based economist, Steve Hanke measures Zimbabwe\u2019s \u201cannual inflation at 754%\u201d although Ncube says the country\u2019s month on month inflation is slowing down after the government discontinued publication of year on year inflation data.<\/p>\n","protected":false},"excerpt":{"rendered":"

HARARE – Fuel prices and telecom tariffs in Zimbabwe have been hiked, with consumers in the economically country taking a further knock and prices as well as commuter fares expected to increase further. Zimbabweans are currently grappling with austerity measures under Finance Minister Mthuli Ncube\u2019s economic reform program. Petroleum pricing were liberalised earlier this year […]<\/p>\n","protected":false},"author":84,"featured_media":4788,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,8],"tags":[533,310,747],"class_list":{"0":"post-15358","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-head-lines","10":"tag-econet","11":"tag-fuel-price","12":"tag-zera"},"yoast_head":"\nFuel and data prices skyrocket in Zimbabwe - zimbabwe<\/title>\n<meta name=\"description\" content=\"Fuel prices and telecom tariffs in Zimbabwe have been hiked, with consumers in the economically country taking a further knock and prices\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/fuel-and-data-prices-skyrocket-in-zimbabwe\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fuel and data prices skyrocket in Zimbabwe\" \/>\n<meta property=\"og:description\" content=\"Fuel prices and telecom tariffs in Zimbabwe have been hiked, with consumers in the economically country taking a further knock and prices\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/fuel-and-data-prices-skyrocket-in-zimbabwe\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-29T18:11:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/upload\/sites\/14\/2019\/03\/econet.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1030\" \/>\n\t<meta property=\"og:image:height\" content=\"670\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/fuel-and-data-prices-skyrocket-in-zimbabwe\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/fuel-and-data-prices-skyrocket-in-zimbabwe\",\"name\":\"Fuel and data prices skyrocket in Zimbabwe - 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