The Zimbabwe Energy Regulatory Authority (ZERA) on Monday increased fuel prices again and also implemented a new pricing model which takes into account transportation costs to various parts of the country.
Harare and Mutare will have the cheapest maximum pump price of 10.32 per liter for diesel and 10.01 Zimbabwe dollars per liter for petrol, while the resort town of Victoria Falls will have the highest maximum pump price of 10.86 dollars per liter for diesel and 10.56 dollars per liter for petrol.
“The petroleum prices applicable in the various cities represent the maximum pump prices taking into account the transport costs. Operators may however, sell below the cap depending on their trading advantages,” ZERA said in a statement.
Fuel prices have gone up several times in 2019, starting with a 150 percent increase in January which saw the price of petrol go up from 1.64 dollars per liter to 3.39 dollars when the local currency was still pegged at par with the U.S. dollar. Enditem