Prices Of Fuel Fall By A Few Cents

4 years agoSat, 27 Apr 2019 23:17:21 GMT
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Prices Of Fuel Fall By A Few Cents

The price of fuel has gone down by a few cents following a government directive to increase the blending ratio of petrol from 5 % to 10%.

The Zimbabwe Energy Regulatory Authority (ZERA) announced that with effect from 29 April, the price for diesel has been set at $3,21 per litre while that of Blend (E10) will be $3,35 per litre.

Part of the statement released by ZERA reads as follows:

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.

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The Minister of Energy and Power Development, Joram Gumbo had earlier said that the government has no plans to increase the price of fuel. Said Gumbo:

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.

Minister Gumbo castigated social media for spreading fake news of purported fuel price increases which are neither here nor there.


More: Sunday News



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