Respite for consumers as fuel prices drop

Fuel Station.PIC MORERI SEJAKGOMO
Fuel Station.PIC MORERI SEJAKGOMO

The recent decrease in the prices of fuel will provide relief to consumers’ disposable incomes, which have been under pressure, according to experts.

Economic analyst at Motswedi Securities, Garry Juma said the fuel price reduction is an early Christmas for all the consumers.

“It will certainly relieve some pressure, especially from those businesses that have high fuel bills, such as in the transport sector etc,” he said.

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While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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