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Fuel Price Increase

Energy

Fuel Price Increase

THE Zimbabwe Energy Regulatory Authority (Zera) has announced other fuel price which have seen diesel somewhat going down by five percent, while petrol marginally increased by four percent.

In a public notice, the regulator said petrol had increased to $97,62 from $93,15 while diesel had decreased to $81,85 from $86,36.

For United States dollar prices, the maximum price for petrol increased to US$1,20 from US$1,18 while diesel decreased to US$1 from US$1,09.

“Operators may, however, sell at prices below the cap, depending on their trading advantages,” Zera said.

Zera’s acting chief executive officer Edington Mazambani said the prices of fuel were affected by changes in the local exchange rate, the increase of duty under Statutory Instrument (SI) 192 of 2020 and the increase in global fuel prices.

When not expelling tech wisdom, Ngoni feeds on good stories that strike on all those emotional chords. He loves road trips, a good laugh, and interesting people.

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