Drama as ZERA announces fuel increase moments after freezing price

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Drama as ZERA announces fuel increase moments after freezing price.

Confusion seems to be reigning at the Zimbabwe Energy Regulatory Authority (ZERA) after the regulator officially announced new fuel prices hours after warning service stations not to increase prices.

zeraWith immediate effect, the price of diesel is now $4.89 while petrol is now $4.97.

In a statement, ZERA said. The Zimbabwe Energy Regulatory Authority (ZERA) advises that in terms of amendments to Statutory Instruments 9 and 10 of 2019 and the new measures taken by the Reserve Bank of Zimbabwe on fuel procurement based on the interbank rate, applicable prices for the period May 2019 to 26 May 2019 are summarised in the table below:

ZERA ZIMETRO

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