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[QUOTE="Queen, post: 87796, member: 27"]
Fuel prices in Zimbabwe just jumped significantly, with government subsidies barely cushioning what could have been an even nastier hit.

New pump prices as of March 4
[LIST]
[*]Diesel climbed to US$1.77 per litre from US$1.52.
[*]Petrol rose to US$1.71 per litre, up from US$1.56.
[*]Without government intervention, diesel would have hit US$1.90.
[*]Petrol was headed for US$1.81 before the cushioning kicked in.
[/LIST]
ZERA's two-week window
[LIST]
[*]The Zimbabwe Energy Regulatory Authority announced the hike on Wednesday night.
[*]Prices hold for two weeks while ZERA monitors market conditions.
[*]Adequate fuel supply remains the agency's stated priority.
[*]The government slashed some of its own charges to soften the blow.
[/LIST]
Global oil mess driving it all
[LIST]
[*]Middle Eastern geopolitical tensions pushed crude costs upward.
[*]Joint US-Israeli strikes on Iran and subsequent retaliation spiked fears.
[*]Supply disruption concerns rattled oil markets worldwide.
[*]Brent crude surged, dragging pump prices up across the globe.
[/LIST]
[/QUOTE]

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