Source: Tax cuts on diesel avert major fuel price hike – herald Africa Moyo- Deputy National Editor GOVERNMENT has averted a major diesel price increase by temporarily removing all taxes on the fuel, effective today. This decision is in response to rising global fuel prices caused by geopolitical tensions in the Middle East, which have disrupted oil markets and increased import costs for Zimbabwe and most countries. Taxes suspended include Excise Duty, ZINARA Road Levy, Carbon Tax and the Strategic Reserve Levy. Together, these taxes add up to US$0,54 per litre, a significant portion of the retail price of diesel, which would otherwise have risen to US$2,65 per litre. Taxes on petrol remain unchanged. In a statement last night, Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube, said: “This measure reflects Government’s commitment to protecting both consumers and productive sectors from external shocks, while safeguarding macro-economic ...