By 
The price of a standard loaf of bread has gone up by 6.8 percent to reach $94 from $88.
In a statement, the National Bakers Association of Zimbabwe (NBAZ) president Dennis Wallah has blamed the recent upward review of utility charges and the price of fuel
“Its not a hidden fact that if you look at the price of fuel it went up, so obviously distribution cost goes up.
“And also utilities have moved astronomically high obviously all these factors result in the cost of product spiraling upwards,” he said.
Recently, utility charges have risen significantly and in some instances by margins above 300 percent in cases such as water bills.
Furthermore, since the beginning of the year, the price of fuel has been increased twice with the Zimbabwe Energy Regulatory Authority (Zera) attributing the upward review of fuel price to a general rise in prices of fuel on the International market.
Early this month, Zera increased the price of diesel in local currency to $110,41 per litre from $105,56 while that of petrol (E10) rose to $109,17 from $104,82.
In US dollars, the new price of diesel 50 was US$1,32 from US$1,27 while petrol was pegged at US$1,30 from US$1,26.
Comments