Farai Dziva|The price of fuel has gone up again triggering panic stations across the country.

The maximum pump price of petrol is now $9.01 and that of diesel is now $9.06.

The fuel price has effectively increased twice in the same week with the last increase having been announced on 30 July .

Zimbabwe Energy Regulatory Authority announced the new increase on Twitter .

Before this increase, the price of petrol was Petrol $7.55 and diesel was pegged at $7.22.

“Please be advised that the new fuel prices effective Saturday, 03 August 2019 are as follows:
Diesel (ZWL/Litre) Blend E20 (ZWL/Litre)
FOB 0.6052 0.5888
Exchange Rate 7.5000 7.5000
Duty (ZIMRA Exchange Rate – 9.0938) 2.4883 2.7323
Oil Company Margin 0.4796 0.4767
Dealer Margin 0.5930 0.5895
Maximum Pump Price 9.06 9.01
The changes in the fuel prices are due to the FOB price movements and the revised duty regime (SI 161 of 2019).”