Zimbabwean News You Can Trust.
The Zimbabwe Energy Regulatory Authority (ZERA) has increased petrol prices, but reduced diesel prices in the latest review, which is with effect from the 18th of January 2023.
In a statement, the regulator said petrol would now be sold at US$1.54 per litre up from the previous US$1.53.
The cost of petrol was increased from ZWL$1 080.01 to ZW$1 124.61 in local currency.
Diesel is now priced in US dollars at US$1.62 per litre, down from US$1.63 per litre, while it was priced in Zimbabwean dollars at ZW$1 188.77, up from ZWL$1.147.01 per litre.
Part of the statement reads, “The public and operators are advised that the blending ratio remains at E5. Operators may sell the petroleum products below the prescribed prices, depending on their trading advantages, and should display prices in a prominent place as provided for by the fuel pricing regulations. Stakeholders are advised that the petroleum price releases by ZERA can be verified on the official ZERA website, Facebook or Twitter handle.”
Meanwhile, the average price of diesel around the world is 1.32 U.S. Dollars per litre while the average price of gasoline around the world is 1.29 U.S. Dollars per litre.
Fuel prices went up in February last year with the government attributing the increase to the war between Russia and Ukraine which they said disrupted global trade as the two countries are the main producers of oil.
