New Fuel Prices In Zimbabwe
The Zimbabwe Energy Regulatory Authority (ZERA) has approved an increase in fuel prices following a month with no adjustment in the price of fuel. The new fuel prices are effective Thursday, 4 June 2020.
Diesel has now gone up to ZWL $24.93 per litre, an increase of ZWL $4.09 from the previous price of ZWL $20.84 per litre. Blended Petrol has gone up to ZWL$28.96 per litre. This is an increase of ZWL $7.96 from the previous price of ZWL$21.00 per litre.
Below is the full statement from ZERA which iHarare is publishing in its entirety.
Using the government’s official exchange rate, the new fuel prices translate to approximately US$1 (ZAR 16.86 )for a litre of diesel and US$1.16 ( 19.56) for a litre of blended petrol.
However, because of the huge mismatch between the government’s official exchange rate for foreign currency and the black market rates, a litre of diesel now costs US$0.36 (ZAR 6.07)on the streets while a litre of petrol costs US$0.41 (ZAR 6.91) on the streets.
Coincidentally, fuel also went up in South on Wednesday, 3 June 2020. Diesel went up by 22 cents per litre while diesel went up by R1.18 per litre. This took the prices to ZAR 11.30 per litre of diesel and ZAR 13.40 per litre of petrol. In United States Dollars, this translates to USD0.79 per litre of petrol and USD0.67 per litre of diesel.
This actually marks the first month of 2020 where the figures have both increased, but this follows two record decreases as oil prices tanked during April and May, thanks to the global coronavirus crisis and subsequent lockdowns.
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The post Here Are The New Fuel Prices In Zimbabwe Effective 04 June 2020 appeared first on iHarare News.