ZERA Increases Fuel Prices Weeks After Increasing Ethanol Blending

Government Slashes Fuel Prices

ZERA Increases Fuel Prices Weeks After Increasing Ethanol Blending

Government Slashes Fuel Prices

The Zimbabwe Energy Regulatory Authority (ZERA) has announced an increase in the price of fuel.

In a statement, ZERA said the fuel increase will be effective 7 June 2022. The last price increase was on 20 May 2022.

The pump price of petrol is now US$1.73 up from US$1.64 and for diesel one will be required to pay US$1.76 up from US$1.71.  The ethanol blending ratio is still E15. In Zimbabwe dollar terms, diesel now costs $550.59 per litre and Petrol (Blend – E15) now costs $539.96 per litre.

The price increase did not sit well with Zimbabweans on Twitter who expressed a spectrum of emotions ranging from astonishment to rage. A majority of Zimbabweans were astonished as to why ZERA was increasing the price of fuel when it had increased the ethanol blending ratio.

@BenjieSeries wrote:

Ahaa Amana nzimbe idzodzi

@taitmaat:

Haa u guys must be srs yu brot bek mandatory blending n yet mukukwidza fuel evryday nxaa you are clowns shuwa

@HandyAndrew5

The price of petrol is up by 9c but you increased blending from 10% to 15%

Another user @Zikipa8 wanted to know what factors had contributed to the fuel price increase and enquired:

 

What factors are really contributing to these price hikes???

A user @IanSoeAllan suggested that the new fuel price was a result of greed and profiteering and replied to @Zikipa8 with the tweet:

 

Greediness and profiteering number 1

One user went as far as advising the Zimbabwean motoring public to make their own fuel at home with the hilarious tweet:

One Twitter user @tkausiyo said that they were fed up of the fuel price increases by ZERA and responded with a curt:

Haa tave bho

In March this year, ZERA said the fuel price increases were necessitated by the increase in international crude oil prices. The increase in fuel prices is set to result in a domino effect as retailers will likely increase prices for basic goods and services, at a time when incomes are depressed.


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