HARARE – Zimbabwe fuel prices have risen again, barely a week after the Zimbabwe Energy Regulatory Authority (ZERA) set the September maximum prices.
ZERA on Thursday announced that diesel would now cost a maximum of US$2.08 a litre, up from US$1.95, while blended petrol increased to US$2.06 from US$1.99.
The new prices took effect on September 17.
In local currency, diesel is now pegged at ZWG55.57 a litre, while blend costs ZWG54.97.
The latest increase comes just eight days after ZERA announced the previous prices on September 9, highlighting the rapid changes in international fuel-market conditions.
ZERA said it was continuing to monitor the situation as global geopolitical tensions put pressure on energy markets.
“ZERA will maintain continuous monitoring and review, as Government interventions remain in place to mitigate the impact of global geopolitical developments on consumers,” the regulator said.
The latest increase comes against a backdrop of heightened uncertainty in international oil markets, where geopolitical tensions, risks to crude supply and disruptions to key shipping and energy routes can push up the cost of crude oil and refined petroleum products. These include the Iran war and tensions between Saudi Arabia and Yemen’s Houthi rebels.
For Zimbabwe, which relies heavily on imported fuel, movements in international oil prices feed directly into domestic pump prices.
ZERA said the latest prices were prescribed for diesel and E20 blend, with the national blending ratio remaining at E20.
“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,” ZERA said.
ZERA said it would continue reviewing prices as conditions change.
Source: Fuel prices jump again as global pressures bite – Zimbabwe News Now
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