ZERA Maintains June Fuel Prices, For Now

2 years ago
Mon, 05 Jul 2021 04:44:31 GMT
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ZERA Maintains June Fuel Prices, For Now

The Zimbabwe Energy Regulatory Authority (ZERA) has deferred announcing the fuel prices for the month of July, saying is it watching developments on the international market and will announce the new prices in due course.

ZERA has therefore advised fuel operators to continue trading at the June prices until the prices for this month are gazetted. ZERA said in a statement:

According to Statutory Instrument 270 of 2019, Petroleum (Petroleum Products Pricing Regulations, the Zimbabwe Energy Regulatory Authority (ZERA) is supposed to review and announce fuel prices by the 5th of every month.

However, due to developments that are taking place on the international oil market, ZERA will issue a statement on the July 2021 fuel prices after the statutory set date.

ZERA is closely monitoring the fuel price trends on the international oil market while consulting local key stakeholders on the likely impact of the developments on the final pump prices.

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Fuel operators are therefore urged to continue trading as per the June 2021 fuel prices while consultations are being finalised.

The July 2021 fuel prices will be announced in due course.



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