THE price of fuel has slightly gone down after the Government announced an increase in the blending ratio of petrol from five percent to 10 percent last week.

In a notice, the Zimbabwe Energy Regulatory Authority said starting tomorrow the maximum pump prices for diesel will be $3,21 per litre while that of Blend (E10) will be $3,35 per litre. Some garages had increased the prices of petrol to around $3,50 per litre in the past weeks.

“Please note that these figures take into account the revised excise duty and represent maximum FOB and pump prices for different fuels. Operators may, however, sell, at prices below the cap depending on their trading advantages,” said Zera.

The review came at a time the Government has urged the public to disregard social media reports concerning the operations of the State. Minister of Energy and Power Development Dr Joram Gumbo, said the public was widely being misled by rumours on social media and the Government had absolutely no intention to increase the price of fuel.

“I want to assure the nation that the Government, since the changes of fuel in February this year, has no intention at all to change the price of both products, which are diesel and petrol. Prices will remain constant. Prices can only change on FOB by a cent or two depending on what happens at buying,” said Dr Gumbo.
He said the nation should not depend and be misled by rumours on social media.State media