Fuel prices increase by over 100% in local currency

fuel

Fuel prices have been increased effective 24 June 2020. The Zimbabwe Energy Regulatory Authority (ZERA) published the new prices in both local currency and US dollars.

Petrol prices have gone up from $28,96 to $71,62 and diesel from $24,93 to $62,77.

Zimbabwe has been grappling is acute fuel shortage which was mainly attributed to the disparity between the local currency and us dollar. The increase is likely to see reduced fuel queues which were now the order of the day across the country.

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The government removed the subsidy for fuel in an effort to improve supply which has seen an increase of over 100%.

Meanwhile, the government has authorised all fuel service stations to resume 24-hour operations as announced in a statement by Minister of Information and Publicity Mrs Monica Mutsvangwa.

 

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