Market report: Fuel prices expected to go down

22 Apr, 2018 - 00:04 0 Views

The Sunday News

car refueling

FUEL prices are expected to decline in the near future amid indications that Government is contemplating further reducing excise duty on diesel and petrol with a view to contain price increases. On January 22, Government reduced Excise duty on petrol from 45 cents per litre to 38,5 cents per litre, while duty on diesel and paraffin fell from 40 cents per litre to 33 cents per litre.

The All Share index closed the week at 95.44 points after adding 0.83 points (0,88 percent). Delta jumped up $0,0423 to trade at $1,9200, Simbisa put on $0,0241 to $0,4041 and Zimplow went up by $0,0105 to end at $0,1105. Meikles added $0,0100 to settle at $0,3000, Padenga increased by $0,0060 to trade at $0,4235 whilst Ok Zimbabwe closed at $0,1704 after gaining $0,0050.

Hippo was the only lame duck losing $0,0300 to end at $1,6500.

– All Share Index added moved up 4.87 points (5,38 percent).
– Industrial Index gained 16.42 points (5,41 percent).
– Top 10 Index rose by 6.39 points (7,07 percent).
– Mining Index shifted up 0.19 points (0,15 percent).

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