Petrol Price Hits Over $15 Per Litre
7 October 2019
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THE Zimbabwe Energy Regulatory Authority (Zera) on Saturday hiked fuel prices, a development which, the public fear, is likely to trigger price increases of other commodities.

In a statement, Zera said for Harare the maximum pump price per litre is $15,64 for diesel while blend is $14,97 from an average of $12,42 and $11,76 respectively.

It attributed the fuel price increase to factors in the international market. 

“The changes in the fuel prices are due to FOB (Free on Board) price movement and revised duty regime (SI161 OF 2019). Operators may however, sell at prices below the cap depending on their trading advantages,” reads the statement.

In August, Zera announced that fuel would have different prices per area factoring in transportation costs, a development which has seen the commodity’s prices in Matabeleland region being much higher.

In Bulawayo yesterday diesel was selling for $16,01 per litre at most fuel stations while blend was being sold between $15,31 and $15,41 per litre.

Motorists and members of the public said the fuel prices were having a direct effect on prices of other goods.