Sundaymail Editor
THE Zimbabwe Energy Regulatory Authority (Zera) on Friday announced a downward review of Zimbabwe dollar (ZWL) prices for fuel, while scrapping the mandatory blending of petrol.
Zimbabwe introduced mandatory petrol blending in 2011, and by 2014 the blended petrol grade E15 was available on the market.
The introduction of mandatory blending came against the backdrop of fuel crises, and the need to promote local investments.
According to a statement from Zera, the new price for Diesel 50 in local currency is $149,55 per litre down from $150,31 while that of petrol is pegged at $152,87 from $154,56 in December.
In United States (US) dollars, the price of Diesel 50 is at US$1,38 while that of petrol (E0) is now pegged at US$1,41.
“The public and operators are advised that the blending ratio has been reviewed from E10 to E0.
“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 by the fuel pricing regulations,” it said. – New Ziana
Bongani Ndlovu
Online Reporter