Fuel Prices Go UP
The Zimbabwe Energy Regulatory Authority (ZERA) has announced an increase in the price of fuels. The new fuel prices come barely a week after ZERA reviewed the prices and decreased the price of diesel saying that they were being guided by prices on the international market. The new fuel prices are effective tomorrow, Thursday 05 March 2020.
Diesel which had gone down to ZWL17.28 has now gone up to ZWL$18.66 per litre. However, this price is still lower than the ZWL$19.55 per litre which was obtaining before last week’s review.
Blended Petrol has gone up to ZWL$18.70 per litre from the previous ZWL$18.40 per litre.
Below is the full statement from ZERA
PRESS STATEMENT
Fuel price review
In accordance with the provisions of SI 270 of 2019, the Zimbabwe Energy Regulatory Authority (ZERA) has reviewed the fuel prices to ZWL $ 18.66 for diesel and ZWL $ 18.70 for blend with effect from 5 March 2020.
The SI 270/19 requires that fuel prices be determined using the previous month’s international market prices and announcement done with effect from 5th of every month.
This review is in line with the Petroleum Act and SI 270 of 2019.
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