Zimbabwe’s fuel prices are the highest world despite government’s one-sided decision in August 2013 to enforce mandatory blending of petroleum products, claiming it would bring down prices and reduce the country’s import bill.
Government has increased the mandatory blending of unleaded petrol from five percent ethanol to 10 percent with immediate effect. Until January, fuel was blended by 15 percent ethanol, but was reduced to five percent between February and March because of a shortage of the blend.
“It is hereby notified that, in terms of section 4 (1) of the petroleum regulations, 2013, published in Statutory Instrument 17 of 2013, as amended by Statutory Instrument 81 of 2014, the minister approves the current level of mandatory blending to 10 per centum,” he said in a government gazette published Wednesday.
“The consequence of this approval is that all licensee operators shall, from the date of publication of this notice, be mandated to sell unleaded petrol which is blended at E10,” he added.
Blends are mixtures of traditional and alternative fuels in varying percentages. Blends can be thought of as transitional fuels. The lowest-percentage blends are being marketed and introduced to work with current technologies while paving the way for future integration.