fuel price

SI 2019-116 - Customs and Excise (Tariff) (Amendment) Notice, 2019 (No. 8) - Reduction of Excise Duty on Petrol, Diesel and Power Kerosene

This statutory instrument was pulished in a Government Gazette Extraordinary dated 20th May 2019.  With effect from that date the statutory instrument, made by the Minister of Finance and Economic Development, reduces the rate of excise duty on leaded petrol and unleaded petrol [down to a uniform rate of $1.15 per litre] and the rate of excise duty on diesel and power kerosene [down to a uniform rate of $0.90 per litre].  The new rates are expressed in the local dollar - not the US dollar.  [The former rates of duty came into effect on 13th January 2019 under

ZIMRA Notice to Business Players re Excise Duty Refund on Fuel Purchases - 30 January 2019

Veritas is reproducing this notice because, although it was published at the end of January, the notice appears to be relevant to an understanding the provisions of SI 72/2019, Customs and Excise (Fuel Supplied to Approved Beneficiaries) (Refund) Regulations, 2019, gazetted on 22nd February.  

 

EXCISE DUTY REFUND FRAMEWORK FOLLOWING THE FUEL PRICE INCREASE UNDER STATUTORY INSTRUMENT 9 OF 2019

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