FULL TEXT: ZERA's Statement On Diesel Supply

3 years ago
Mon, 02 Mar 2020 15:45:36 GMT
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FULL TEXT: ZERA's Statement On Diesel Supply

The Zimbabwe Energy Regulatory Authority has issued the following statement on diesel supply:

In view of the significant decrease of the diesel price on the international market, the Zimbabwe Energy Regulatory Authority (ZERA) met the oil marketing companies (OMCs) on 29 February 2020 and deliberated on the impact of the decrease on the local market.

The OMCs made a commitment to continue supplying diesel to consumers at the new price. Zimbabwe is a net fuel importer, hence any movement on the global market has an effect on the local price. ZERA is working closely with OMCs to ensure the country has adequate supply. Surveillance on possible hoarding of fuel is being carried. The public is urged to continue using fuel efficiently.

ZERA last week released new prices for diesel that saw diesel becoming cheaper than petrol for the first time in months.

Source: Twitter

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