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South Africa&#8217;s Department of Mineral Resources and Energy has raised the price of 93 and 95 unleaded petrol by 37 cents per litre, while diesel decreased by 74 cents per litre and illuminating paraffin by 33 cents per litre.
The price adjustments are due to the cost of crude oil, international petroleum product prices, and the rand or dollar exchange rate. 
Brent crude oil prices increased from $79.24 to over $80 during the period under review, and the rand appreciated slightly against the dollar.
In the recent budget speech, Minister of Finance, Enoch Godongwana announced a 1 cent per litre increase to the general fuel levy for both petrol and diesel to recoup the levy payment for April 2023, which will be removed on June 7, 2023.
To the North of Limpopo, Zimbabwe&#8217;s Energy Regulatory Authority (ZERA) announced that the price of <a href="https://www.pindula.co.zw/2023/05/05/zera-announces-fuel-prices-effective-5-may-2023/">Diesel 50 will decrease</a> from US$1.64 to US$1.61 per litre while the price of Petrol Blend will remain the same at US$1.61 per litre.
The new prices in Zimbabwean dollars are Diesel 50 at ZWL$1,756.24 per litre and Petrol Blend at ZWL$1,752.81 per litre.
The new prices in Zimbabwe are with effect from the 5th of May 2023.
<h2><a href="https://www.pindula.co.zw/">More Pindula News</a></h2>

Pindula News

South Africa: Petrol Prices Go Up, Diesel, Paraffin Decrease

The Zimbabwe Energy Regulatory Authority (ZERA) has announced new fuel prices effective Wednesday, 8 September 2021.
ZERA has set the maximum pump price of diesel at ZWL$115.15 or US$1.34 per litre and petrol at ZWL$118.42 or US$1.38 per litre.
This is a slight increase from the fuel prices of August that were pegged at ZWL$114.29 or US$1.33 per litre of diesel and ZWL$117.07 or US$1.37 per litre of petrol.
In a public notice issued this Wednesday, ZERA said operators may sell at prices below the cap depending on their trading advantages.
<img decoding="async" src="https://pbs.twimg.com/media/E-wi5lcWQAgL62x?format=png&amp;name=900x900" alt="Image" />
ZERA delayed the reviewing of September 2021 fuel prices citing developments taking place in the international oil market.
In a statement released on Monday, ZERA said it will announce the September 2021 fuel prices in due course, while in the meantime, fuel dealers should continue using the August prices. The Authority said then:
<blockquote>
ZERA is working vigorously to have the fuel prices for the month announced and are paying close attention to trends on the international oil market while consulting local key stakeholders on the likely impact of the developments on the final pump prices.
Fuel operators are therefore urged to continue trading as per the August 2021 fuel prices while consultations are being finalised.
</blockquote>
<h4>More: <a href="https://news.pindula.co.zw/">Pindula News</a></h4>

ZERA Announces New Fuel Prices

Zimbabwe Energy Regulatory Authority has hiked fuel prices one more time. This was contained in a statement that announced the price hike will be effective tomorrow as show in the following table. The fuel price review came exactly 28 days after ZERA last hiked fuel prices on 5 February 2021.
<table>
<thead>
<tr>
<th>Old Price RTGS</th><th>New Price RTGS</th><th>Old Price USD</th><th>New Price USD</th>
</tr>
</thead>
<tbody>
<tr>
<td>Diesel</td><td>$105.58</td><td>$110.41</td><td>$1.27</td><td>$1.32</td>
</tr>
<tr>
<td>Petrol</td><td>$104.82</td><td>$109.17</td><td>$1.26</td><td>$1.30</td>
</tr>
</tbody>
</table>

JUST IN: ZERA Hikes Fuel Prices

The Minister of Finance and Economci Development, Professor Mthuli Ncube has made amendments to the Customs and Excise (Tariff). Below is the notice.
<blockquote>IT is hereby notified that the Minister of Finance and Economic Development has, in terms of section 225 of the Customs and Excise 
Act [Chapter 23:02], made the following notice:— 
1. This notice may be cited as the Customs and Excise (Tariff) (Amendment) Notice, 2020 (No. 23). 
2. This notice shall be with effect from 5th December 2020. 
3. The Customs and Excise (Tariff) Notice, 2017, published in Statutory Instrument 53 of 2017 (hereinafter called “the Tariff Notice”), is amended in Part II of the Second Schedule to the Tariff Notice, by the repeal of the following—
<img decoding="async" loading="lazy" class="wp-image-189580 " src="https://t792ae.c2.acecdn.net/wp-content/uploads/2020/12/EXCISE-CUSTOM-DUTY-REVIEW-300x196.jpg" alt="" width="372" height="243" srcset="https://news.pindula.co.zw/wp-content/uploads/2020/12/EXCISE-CUSTOM-DUTY-REVIEW-300x196.jpg 300w, https://news.pindula.co.zw/wp-content/uploads/2020/12/EXCISE-CUSTOM-DUTY-REVIEW-768x503.jpg 768w, https://news.pindula.co.zw/wp-content/uploads/2020/12/EXCISE-CUSTOM-DUTY-REVIEW.jpg 852w" sizes="(max-width: 372px) 100vw, 372px" />
Description of Goods: Power kerosene, having a density at 200C (expressed in kilograms per litre of lower than 0.796 and a flash point (closed test at sea level) of not lower than 210C and not higher than 440C.
Quantity: 1. Kg; 2. m3; 3. L
Rate of Duty: US$0.25/L
&nbsp;
Description of Goods: Other power kerosene
Quantity: 1. Kg; 2. m3; 3. L
Rate of Duty: US$0.25/L
&nbsp;
Description of Goods: Other Illuminating or heating kerosene, other than that of tariff 2710.19.19
Quantity: 1. Kg; 2. m3; 3. L 
Rate of Duty: US$0.25/L
Description of Goods: Diesel
Quantity: 1. Kg; 2. m3; 3. L 
Rate of Duty: US$0.25/L
The new Rates of Duty for all the goods mentioned above is now US$0.30/L
<img decoding="async" loading="lazy" class="wp-image-189581 " style="font-size: 16px;" src="https://t792ae.c2.acecdn.net/wp-content/uploads/2020/12/EXCISE-CUSTOM-DUTY-REVIEW-1-300x215.jpg" alt="" width="336" height="241" srcset="https://news.pindula.co.zw/wp-content/uploads/2020/12/EXCISE-CUSTOM-DUTY-REVIEW-1-300x215.jpg 300w, https://news.pindula.co.zw/wp-content/uploads/2020/12/EXCISE-CUSTOM-DUTY-REVIEW-1.jpg 754w" sizes="(max-width: 336px) 100vw, 336px" />
The excise duty rates stated in United States dollars shall be adjusted to prevailing weekly foreign currency exchange rates for purposes of conversion to local currency.</blockquote>
&nbsp;

Customs & Excise: Diesel Duty Adjusted To Match Petrol

The <a href="https://www.pindula.co.zw/Zimbabwe_Energy_Regulatory_Authority">Zimbabwe Energy Regulatory Authority</a> has issued the following statement on diesel supply:
<blockquote>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.</blockquote>
<a href="https://news.pindula.co.zw/2020/02/28/full-text-zera-announces-fuel-prices-effective-friday-28-feb/">ZERA last week released new prices</a> for diesel that saw diesel becoming cheaper than petrol for the first time in months.
Source: <a href="https://twitter.com/zeraenergy/status/1234451057624915968">Twitter</a>
&nbsp;

FULL TEXT: ZERA's Statement On Diesel Supply

The Zimbabwe Energy Regulatory Authority (ZERA) has announced new prices for Petrol and Diesel effective 2 September 2019.
The new prices are an effective slight reduction from the current prices which were effected on 26 August 2019.
The new diesel price is ZWL $10.25 down from $10.32.
The new petrol price is $9.86 down from $10.01.
In the announcement, ZERA said the new prices are due to &#8220;FOB price movements and the revised duty regime (SI 161 of 2019)&#8221;. This is the same reason cited for the several changes in price in the past months.
This is the first reduction since January 13, 2019.
&nbsp;
<a href="https://t792ae.c2.acecdn.net/wp-content/uploads/2019/09/ZERA-New-Fuel-Prices-2-September.jpg"><img decoding="async" loading="lazy" class="aligncenter size-full wp-image-125121" src="https://t792ae.c2.acecdn.net/wp-content/uploads/2019/09/ZERA-New-Fuel-Prices-2-September.jpg" alt="" width="619" height="680" srcset="https://news.pindula.co.zw/wp-content/uploads/2019/09/ZERA-New-Fuel-Prices-2-September.jpg 619w, https://news.pindula.co.zw/wp-content/uploads/2019/09/ZERA-New-Fuel-Prices-2-September-273x300.jpg 273w, https://news.pindula.co.zw/wp-content/uploads/2019/09/ZERA-New-Fuel-Prices-2-September-600x659.jpg 600w" sizes="(max-width: 619px) 100vw, 619px" /></a>

JUST IN: Government Reduces Fuel Prices

The Zimbabwe government has increased the price of fuel. The announcement was made on Sunday night by ZERA.

ZERA has also announced zonal prices, which vary by region:
JUST IN

JUST IN: Government Increases Fuel Prices

For the first time in a long time in Zimbabwe, the price of diesel has overtaken that of petrol. This happened with the <a href="https://news.pindula.co.zw/2019/08/03/breaking-fuel-prices-up-again-to-9-06/" target="_blank" rel="noopener noreferrer">latest price increases announced today</a> by the Zimbabwe Energy Regulatory Authority (ZERA)
Diesel is now ZWL $9.06 per litre, where petrol is ZWL $9.01.

<table id="tablepress-69" class="tablepress tablepress-id-69">
<thead>
<tr class="row-1">
	<th class="column-1"></th><th colspan="2" class="column-2">Diesel (ZWL/Litre)</th><th class="column-4"></th><th colspan="2" class="column-5">Blend E20 (ZWL/Litre)</th>
</tr>
</thead>
<tbody>
<tr class="row-2">
	<td class="column-1"></td><td class="column-2">New Price</td><td class="column-3">Old Price</td><td class="column-4"></td><td class="column-5">New Price</td><td class="column-6">Old Price</td>
</tr>
<tr class="row-3">
	<td class="column-1">FOB</td><td class="column-2">0.6052</td><td class="column-3">0.6002</td><td class="column-4"></td><td class="column-5">0.5888</td><td class="column-6">0.5856</td>
</tr>
<tr class="row-4">
	<td class="column-1">Exchange Rate</td><td class="column-2">7.5000</td><td class="column-3">7.5000</td><td class="column-4"></td><td class="column-5">7.5000</td><td class="column-6">7.5000</td>
</tr>
<tr class="row-5">
	<td class="column-1">Duty (ZIMRA Exchange Rate - 9.0938)</td><td class="column-2">2.4883</td><td class="column-3">n/a</td><td class="column-4"></td><td class="column-5">2.7323</td><td class="column-6">n/a</td>
</tr>
<tr class="row-6">
	<td class="column-1">Oil Company Margin</td><td class="column-2">0.4796</td><td class="column-3">0.3820</td><td class="column-4"></td><td class="column-5">0.4767</td><td class="column-6">0.3996</td>
</tr>
<tr class="row-7">
	<td class="column-1">Dealer Margin</td><td class="column-2">0.5930</td><td class="column-3">0.4724</td><td class="column-4"></td><td class="column-5">0.5895</td><td class="column-6">0.4942</td>
</tr>
</tbody>
<tfoot>
<tr class="row-8">
	<th class="column-1">Maximum Pump Price</th><th class="column-2">9.06</th><th class="column-3">7.22</th><th class="column-4"></th><th class="column-5">9.01</th><th class="column-6">7.55</th>
</tr>
</tfoot>
</table>

On Thursday, Finance Minister Mthuli Ncube announced a fuel excise duty increase from 19% (petrol) and 16% (diesel) to 45% and 40%, respectively.
The new prices are in part a response to those changes too. Earlier in the month, Ncube also indicated that the government&#8217;s objective is for fuel to retail at around US $1 to match the general prices in neighbouring countries.

Diesel Price Now Higher Than Petrol

The Zimbabwe Energy Regulatory Authority (ZERA) on Friday announced new prices for diesel and petrol.
Apparently, <a href="https://news.pindula.co.zw/2019/07/12/breaking-fuel-prices-hiked-again/" target="_blank" rel="noopener noreferrer">some service stations had already hiked the price of fuel by more than 100 per cent, with some charging as high as ZWL$12 per litre.</a>
According to ZERA, the maximum pump price of diesel is now ZWL$5.84 while that of Blend E20 is now ZWL$6.10 per litre.
<img decoding="async" loading="lazy" class="aligncenter" src="https://pbs.twimg.com/media/D_TRltpWwAETJuF.jpg" alt="" width="583" height="222" />

ZERA Sets Diesel Price At $5.84; Blend E20 At $6.10

The Parliament of Zimbabwe has denied reports that it is paying double the stipulated price for diesel bought from Redan Petroleum Pvt (Ltd).
This follows a fuel exchange note that went viral on social media platforms, purportedly showing that Parliament was buying fuel at $10,50 per litre.
In a statement on Thursday, the Parliament said that the particular transaction involved an individual MP who wanted to exchange expired fuel coupons. The statement read in part:
<blockquote>The fuel coupon exchange note in question involved a transaction between an individual Member of Parliament who was replacing expired coupons at Redan Pvt (Ltd) and not the institution of Parliament.
The only reason the exchange note reflects the name of the institution is primarily because the coupons are purchased by Parliament as an institution for all Members of Parliament and subsequently issued to individual members.
&#8230; Parliament of Zimbabwe engaged Redan over the matter and was advised that the exchange note was generated and issued to the Member of Parliament for the sole reason of enabling him to collect the new coupons.
The member in question was never charged for the transaction. In other words, the coupon exchange note is an internal Redan document whose esoteric figures are understood by Redan staff, but do not reflect the prevailing coupon prices and should thus not be used as a pricing reference point.</blockquote>
<h4>More: <a href="https://www.herald.co.zw/parly-denies-fuel-price-anomaly/" target="_blank" rel="noopener noreferrer">The Herald</a></h4>

Parliament Denies Buying "Queen Bee's" Diesel At $10.50 Per Litre

Government through the Ministry of Information, Publicity and Broadcasting has apologised for a logistical glitch that resulted in diesel being in short supply.
Speaking on Twitter, the Information Ministry said the situation has been attended to and diesel will be in supply. Said the information ministry:
<blockquote>Govt apologises for the logistical glitch which resulted in fuel retailers ordering more petrol than diesel giving rise to diesel shortages. The situation has been attended to and normalcy in the fuel retail sector is expected to have been attained within the next few hours.</blockquote>
<hr />
<h4>Related:</h4>
<ul>
<li>
<h3 class="entry-title"><a href="https://news.pindula.co.zw/2019/02/08/resurfacing-of-fuel-queues-a-result-of-panic-buying-people-trying-to-redeem-coupons-energy-minister/" rel="bookmark">Resurfacing Fuel Queues A Result Of Panic Buying, People Trying To Redeem Coupons- Energy Minister</a></h3>
</li>
<li>
<h3 class="entry-title"><a href="https://news.pindula.co.zw/2019/02/08/rbz-has-bought-fuel-enough-to-cover-the-next-two-years-energy-minister/" rel="bookmark">RBZ Has Bought Fuel Enough To Cover The Next Two Years- Energy Minister</a></h3>
</li>
<li>
<h3 class="entry-title"><a href="https://news.pindula.co.zw/2019/02/03/energy-minister-explains-why-fuel-queues-have-resurfaced/" rel="bookmark">Energy Minister Explains Why Fuel Queues Have Resurfaced</a></h3>
</li>
</ul>

Govt Apologises For Logistical Glitch That Resulted In Diesel Shortage

The government through the Zimbabwe Energy Regulatory Authority (Zera) has slashed the price of diesel from US$1.30 to $1.22 with effect from tomorrow (Monday). This comes after the government banned Diesel 500 saying it is damaging vehicle engines due to its high Sulphur content.  In a notice published on Friday, Zera said,
<blockquote>The retail price for the week starting March 5, 2018, should not exceed US$1, 22 for all diesel.
The reduction of D50 prices in the market is a result of the use of cheaper pipeline transportation of D50 into the country as opposed to road and rail. The convergence in prices of D50 and D500 that is being witnessed shows compliance with the Government directive to ban retail of D500 by 1 May 2018.
However, subsequent prices will change in line with movements in international crude oil prices and the application of the fuel pricing regulations by Zera.</blockquote>
More: <a href="http://www.sundaymail.co.zw/diesel-price-slashed/">Sunday Mail</a>
&nbsp;

Govt Slashes Price of Diesel With Effect From Monday

Four diesel tankers which were carrying over 140 000 litres were illegally offloaded in Chitungwiza and refilled with an equal amount of water prejudicing Zimra of $55 650 in excise duty. The tankers are believed to have been on their way to the Democratic Republic of Congo before they were intercepted by the Zimbabwe Revenue Authority.
The tankers were intercepted at Chirundu Border Post after Zimra picked up a suspicious detour using its electronic cargo tracking system. Speaking to The Herald, Zimra&#8217;s board secretary and director for legal and corporate services confirmed the incident and said that the trucks were seized and will be dealt with in accordance with the provisions of the Customs and Excise Act [Chapter 23:02].
More: <a href="http://www.herald.co.zw/4-diesel-tankers-emptied-filled-with-water/">Herald</a>

Zimra loses $55 650 in excise tax as thieves empty 4 diesel tankers and fill them with water

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