THE Zimbabwe Energy Regulatory Authority (ZERA) has announced new fuel prices effective Saturday 5 December 2020.
The new prices have been raised upwards in response to the slight fall in the value of the Zimbabwe dollar which was announced by the Reserve Bank of Zimbabwe after this week’s forex auction on Tuesday.
The price of diesel is now ZW $97.24 or US $1.19 per litre, while that for petrol is now ZWL$97.44 and US$1.19 per litre.
In a public notice on Friday evening, ZERA said operators may, however, sell at prices below the cap depending on their trading advantages.
The new prices show that the price of diesel in Zimbabwe dollars has increased significantly from last month’s price of ZWL$82.05 and the USD price has been reviewed upwards from US$1.00.
As for petrol, the price has been increased marginally in Zimbabwe dollars from ZWL$97.11 to ZWL$97.44 while there had been no change in USD terms. ■