Oil Prices Impact Negatively On Zimbabwe

International oil prices soared in 2006, reaching an all-time high of US$78,36 per barrel in August impacting negatively on non-oil-producing countries such as Zimbabwe.

Fuel prices in Zimbabwe were very volatile this year with fuel dealers charging prices well above the Government-stipulated prices.

For the greater part of the year the country was caught in a fuel price spiral caused by shortages of foreign currency and rising international oil prices.
AllAfrica