Fuel prices go up

international market. 
A survey yesterday showed that the pump price of unleaded petrol went up to between US$1,45 and US$1,50 from between US$1,42 and US$1,44 while diesel shot to US$1,35 up from about US$1,32 per litre.
Prices of the environmentally-friendly blended fuel, E10 also went up from US$1,36 to US$1,41 per litre and remains the cheapest fuel on the market.
Most fuel dealers confirmed that prices had gone up as a result of increased demand and increases of oil prices on the international market. Sakunda Holdings public relations manager Ms Sarah Manyengawana confirmed the increases.
“The latest increases were in the region of about US$0,02 per litre. You will note that world market prices went up by about 15 percent over the last two months mainly because of the stand off between the West and Iran,” Ms Manyengawana said.
She also attributed the increases to the growing United States economy where there is increased demand for fuel.

Related Posts

Economy: Growth signs visible

Martin Kadzere Senior Business Reporter ZIMBABWE has made significant progress towards achieving upper-middle-income status, with the country’s Gross National Income per capita growing by 84 percent since 2021, Finance, Economic…

Gold to shield Zim from Middle East conflict fallout: AfDB

Africa Moyo Deputy National Editor ZIMBABWE’S strong gold sector and broad resource base are expected to cushion the economy against the economic fallout from the escalating conflict in the Middle…

Leave a Reply

Your email address will not be published. Required fields are marked *

×