According to RBZ governor John Mangudya, the country spends 40 percent of its foreign currency earnings on fuel imports, with diesel taking a lion’s share of $851,7 million, while $384 million is spent on petrol imports, giving a total of $1,2 billion per year. PEAKING at $1,47 per litre for petrol, fuel price increases are anticipated to have a ripple effect and lead to price jumps in essential consumer goods, denting Zimbabwe’s economic growth prospects, experts have warned. Price rises at the pump follow a huge jump in oil prices over the past year after Brent Crude broke through the $80 a barrel mark in May for the first time in nearly four years, prompting industry…