Gear up for record fuel prices as hike looms, says AA
South Africans can expect record fuel price increases in April, the Automobile Association (AA) says.
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South Africans can expect record fuel price increases in April, the Automobile Association (AA) says.
The Zimbabwe Energy Regulatory Authority (Zera) has dismissed as a hoax, a notice circulating on social media to the effect that the maximum pump price for diesel has gone up from $15,64 to $18,25 and petrol to $17,86 from $14,97.
The Zimbabwe Energy Regulatory Authority (Zera) on Saturday hiked fuel prices, a development which, the public fear, is likely to trigger price increases of other commodities.
The Zimbabwe Energy Regulatory Authority (ZERA) yesterday announced a reduction in fuel prices due to the FOB (Free on Board) price movement and the revised duty regime.
Government has ordered players in the petroleum industry to reduce fuel prices with immediate effect to $1,35 per litre for petrol, $1,23 per litre for diesel and $1,17 for paraffin following the reduction in excise duty announced this week.
Zimbabwe’s fuel is the most expensive in southern Africa despite government introducing its controversial mandatory blending policy which forces fuel companies to mix unleaded petrol with ethanol as part of reducing the import bill.
The Zimbabwe Energy Regulatory Authority says retail prices of diesel and petrol fell by 3,27 percent and 3,62 percent respectively, between March and May this year, in tandem with global petroleum trends.
By Phillimon Mhlanga Zimbabwe’s major fuel retailers have raised fuel prices by at least US$0,04 a litre due to a serious shortage of anhydrous ethanol in the country and a surge in international petroleum price, the Financial Gazette reports. Government directed petroleum players in the country to blend all petrol using a mandatory blending ratio […]
The price of fuel is expected to skyrocket next week following a surge in international petroleum prices a fortnight ago.
GOVERNMENT has reduced petrol and diesel prices by seven and five US cents respectively, as it continues working on economic variables that directly affect competitiveness.