Zim Now Writer
The Zimbabwe Energy Regulatory Authority (ZERA) has announced new diesel and petrol prices effective Thursday, December 29.
In a statement, the regulator said petrol would now be sold at US$1.50 per litre compared to the previous US$1.48.
In the local currency, the petrol price was raised to ZW$1 016.49 from ZW$1 007.45.
ZERA raised the US dollar price for diesel to US$1.65 from US$1.62 per litre while the diesel price in the local currency, it was hiked to ZW$1119.82 from ZW$1 094.04 per litre.
“The public and operators are advised that the blending ratio remains at E5. 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.
“Stakeholders are advised that the petroleum price releases by ZERA can be verified on the official ZERA website, Facebook or Twitter handle,” reads the statement from the authority.
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