Fuel hike a new problem to industry THE recent increase in fuel prices will present a new challenge to local companies as they try to stimulate demand in the economy, a local research firm has said. In his mid-term fiscal policy review, Finance minister Patrick Chinamasa increased excise duty on diesel and petrol to 30 cents and 35 cents respectively. Before that excise duty for diesel and petrol was 25 cents and 30 cents respectively. In a note to investors, MMC Capital said a greater proportion of companies that depend on local consumers were feeling the pinch from local challenges relative to their peers which have a foreign flair..... To read more, please click on the link below.
Posted on: Fri, 17 Oct 2014 08:00:00 +0000
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