Zera increases local currency fuel price by 12%
The Zimbabwe Energy Regulatory Authority (Zera) has increased the pump price of diesel and petrol in local currency by margins between 11,7 percent and 12,1 percent with effect from today.
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The Zimbabwe Energy Regulatory Authority (Zera) has increased the pump price of diesel and petrol in local currency by margins between 11,7 percent and 12,1 percent with effect from today.
Zimbabweans are facing more travelling chaos and heartache after both commuter omnibus and bus operators once again hiked their fares sharply, due to the country’s worsening fuel crisis.
Energy and Power Development Minister Dr Joram Gumbo says the selling of fuel in foreign currency by some dealers is not Government policy.
POLICE have warned the public, motorists and illegal fuel dealers against storing fuel in their homes or public places as this is in breach of public safety regulations, as well as environmental laws.
As the fuel crisis continues to worsen, many motorists are sleeping in fuel queues at various pump stations.In a survey, the Daily News observed that hundreds of people are queuing for fuel for the whole night, especially public transport operators.
Diesel demand has been strikingly increasing over the last few months, a leading financial research firm has said.
Most service stations in Harare have run dry with long queues emerging as the fuel crisis continues, despite Reserve Bank of Zimbabwe (RBZ) governor John Mangudya saying the sector is fully-funded.
Swiss firms have been criticised in a report for their links to the African trade in diesel with toxin levels that are illegal in Europe.
HARARE – Government has hiked fuel prices to raise cash for elections, in a move that could result in a spiral of price increases of basic commodities. Finance minister Tendai Biti announced the hike on Monday.
Fuel prices have gone up since a surprise hike in excise duty last month, despite assurances by Finance Minister Tendai Biti that pump prices would remain flat even in the event of a spike in international prices.