Extortionist ethanol prices burning poor masses pockets

THE warning by Reserve Bank of Zimbabwe governor John Mangudya that Zimbabweans should brace for a huge fuel hike due to the shrinking export bill and galloping crude oil prices on the global market is disturbing, unacceptable, unfortunate and infuriating.

This will result in commodity price increases across all sectors in the country just a few months before the next election.

The fact that Mangudya sounded alarm bells before the Parliamentary portfolio committee on Mines and Energy shows he has no immediate solution to the problem.

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