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Fuel Price Update: ZERA Hikes Petrol, Diesel Prices - 29 Dec 2022

Fuel Price Update: ZERA Hikes Petrol, Diesel Prices - 29 Dec 2022

The Zimbabwe Energy Regulatory Authority (ZERA) has raised fuel prices by two cents for petrol and three cents for diesel with effect from the 29th of December 2022.

In a statement seen by Pindula News, the regulator said petrol would now be sold at US$1.50 per litre up from the previous US$1.48.

In the local currency, the petrol price was raised to ZW$1 016.49 from ZW$1 007.45.

ZERA raised the US dollar price for diesel to US$1.65 from US$1.62 per litre while the diesel price in the local currency was hiked to ZW$1119.82, from ZW$1 094.04 per litre. Read the statement in part:

The public and operators are advised that the blending ratio remains at E5. Operators may sell the petroleum products below the prescribed prices depending on their trading advantages and should display prices in a prominent place as provided for by the fuel pricing regulations. Stakeholders are advised that the petroleum price releases by ZERA can be verified on the official ZERA website, Facebook or Twitter handle.

The average price of gasoline around the world is 1.28 U.S. Dollars per litre while the average price of diesel around the world is 1.32 U.S. Dollars per litre. 

GlobalPetrolPrices.com says the differences in prices across countries are due to the various taxes and subsidies for diesel. All countries have access to the same petroleum prices of international markets but then decide to impose different taxes. As a result, the retail price of diesel is different.

President Emmerson Mnangagwa early this year said he had directed that duty on fuels be reduced by US 13 cents among other measures to ensure the supply in the market remains stable and affordable.

Fuel prices went up in February with the government attributing the increase to the war between Russia and Ukraine which they said disrupted global trade as the two countries are the main producers of oil.

Analysts, however, observed that while the war had an effect on economies worldwide, fuel in Zimbabwe was more expensive when compared to its regional counterparts and this was due to higher taxes. That is when President Mnangagwa directed that the taxes be reduced.

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12 Comments

Johanna Chibadura wekwamarange 1 month ago

Of very if morning of you but it fuel bad very up. But have small bond bond with him to get a good life in a of the two but not a in which part do see


Mia Khalifa 1 month ago

Yeah very true

@miakhalifa 1 month ago

Are you the real Mia Khalifa

The Bush Doctor 👨‍🔬 1 month ago

In preparation for January disease prices are already sky rocketing. Inflation looming ayiii😫zvotoda munamato izvi


The Bush President 1 month ago

Zviri pa2. Its either inflation will rise or reduce zviripa 2...Painful

The Bush Farmer 1 month ago

Imi ana bush bush hanziiko. Kuneyi kubush kwacho

The Bush Economist 1 month ago

Zviri surf here? Not at oil! Ini ndakarota landlord achiti tokwidza rent here ndikati zviripa 2 hoooooyo

The Bush Teacher👨‍💼 1 month ago

Inguva yacho maprices anokwira chete


Dispenser 1 month ago

The price of perishable products don't go up ever since e demand is getting small. This is bz there is a lot of pressure fr guardians to cater fr school fees, transport. However there is likelihood of a rise in transport sector due to high demand of movement of ple +fuel price hikes. On food industry, rising prices is risking a big loss. We have started seeing a a drop in prices of some perishables due to closeness of their expiry date

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ccc 1 month ago

why didn't you list Citizens Coalition for Change (CCC) As a political party on that section of political parties pindula.... pindula?????


ccc 1 month ago

on 1 January all prices will include the 15% tax maprices achakwira futi


patriot 4 weeks ago

Zim oil is the most expensive in the region but it's electricity is the cheapest.



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