The Zimbabwe Energy Regulatory Authority (Zera) yesterday announced an increase in the price of fuel from $7,47 to $7,55 for a litre of petrol and from $7,19 to $7,22 for a litre of diesel.
This came two weeks after Zera increased the price of a litre of petrol to $7,47 up from $6,10 while the price for diesel jumped from $ 5,84 to $7,19.
In a statement posted on its Twitter handle yesterday, Zera said the maximum pump price of diesel and petrol had been set slightly above $7 per litre.
“Please be advised that prices for diesel and petrol effective on Tuesday 30 July 2019 are set at $7,22 and $7,55 respectively,” reads the statement.
Zera also said fuel stations were allowed to sell diesel and petrol at prices below the stipulated prices depending on their trading advantages.
Yesterday’s was the third increase in the price of diesel and petrol this month.
Zera acting chief executive officer Mr Eddington Mazambani said the adjustments were in line with changes on the international market.
“The increases are as a result of the movement in the foreign currency exchange rates and the Free On Board (FOB) price. These are global charges and are beyond our control,” he said_The Chronicle