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*ZERA Increases Fuel Prices Effective 24 June 2022*

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The Zimbabwe Energy Regulatory Authority (ZERA) has announced new fuel prices effective 24 June 2022.

Diesel now costs US$1.88, up from US$1.76 while the price of petrol (Blend – E15) has been increased to US$1.77, up from US$1.73 per litre.

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In Zimbabwe dollar terms, diesel now costs ZWL$661.73, up from ZWL$550.59 per litre. Petrol (Blend – E15) now costs ZWL$623.16 up from ZWL$539.56 per litre.

ZERA said that were it not for the Government’s intervention, the price of diesel would have been US$2.01 while that of blend would have been US$1.84. ZERA added:

> The public and operators are advised that the blending ratio is now at E15. 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.

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