The Zimbabwe Energy Regulatory Authority (ZERA) has increased the pump price of fuel by a margin of less than five percent in both local and foreign currency with effect from today.
According to a statement from the regulatory body, the new price of Diesel 50 in local currency is $110,41 per litre from $105,56 while that of petrol (E10) rose to $109,17 from $104,82. In US dollars, the new price of Diesel 50 is US$1,32 from US$1,27 while petrol is now pegged at US$1,30 from $1,26.
“Operators, however, sell at prices below the cap depending on their trading advantages.” The statement read.
ZERA statement below: