ZERA Explains Why Petrol Is Now Cheaper Than Diesel
Scores of people woke up to find petrol cheaper than diesel in the latest price adjustment that happened last week. People reacted differently with some people joking about it and saying Vemberi vachava veshure (those that were leading are now tailing)
ZERA, when contacted by ZBC News online, explained that blending was making petrol cheaper than diesel. The ZERA CEO who spoke the publication said:
The price of petrol has now become lower than that of diesel because we are blending petrol with ethanol and this reduces the forex component on blended prices and that consequently reduces the price of petrol.Feedback
Ethanol is locally produced and that has made it easier since the government doesn’t have to dip into its forex pocket to import ethanol as well.
Ethanol is locally produced and using the latest consumption figures of 1.5 million litres of petrol per day, government is potentially saving foreign currency to import not less than 150 000 litres per day
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Source: ZBC News Online
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