Home LOCAL NEWS Energy Minister Chasi explain the recent fuel price hike

Energy Minister Chasi explain the recent fuel price hike

Fortune Chasi

Energy Minister Chasi explains the recent fuel price hike. Fuel prices have been static for several weeks but on Saturday, ZERA announced that the prices of diesel and petrol had been raised with effect from 5 April 2020.

According to a circular issued by ZERA, diesel now costs $21.52 while petrol costs $21.77. This means that for the first time in over a year, a liter of petrol now costs more than that of diesel.

Zimbabweans have expressed outrage over the recent fuel price increase announced by the Zimbabwe Energy Regulatory Authority (ZERA) at a time when global fuel prices are going down.

Meanwhile, the Minister for Energy and Power Development, Fortune Chasi, says he will give an explanation on why the government, through ZERA, has increased fuel prices when global crude oil prices have been on a decline. Said Chasi:

FUEL PRICE INCREASE: the question being asked as to why our fuel price is going up when international prices are going down is a legitimate one. I will endeavor to give an explanation later today.

Prices of fuel have been going down over the past several weeks amid decreased demand and an oil price war sparked in part by the spread of the coronavirus.

According to US News, in March, Saudi Arabia, one of the world’s major oil exporters, announced plans to flood the market with oil in an escalation of a price war with Russia after the latter refused to go along with a plan to cut production in light of decreased demand.

Source – Pindula News

MORE ON ZIMETRO NEWS…

“There Are Spiritual Things I Can’t Explain,” Ezekiel Guti Speaks On Coronavirus

Ezekiel Guti the founder of ZAOGA Forward in Faith has told his church members not to be afraid of the novel coronavirus saying adding that they should try to have a good relationship with God.

Archbishop-Ezekiel-Guti

He made the remarks in a letter that was released on Friday to the church’s followers worldwide on the COVID-19 pa…full details

Trending On ZIMetro News. . .

  Conman ‘Teemak’ now in therapy; bishop father to pay off his Ponzi scheme victims HARARE – A 23-year-old man who duped dozens of Zimbabweans dotted around the globe through a Ponzi scheme is currently undergoing therapy, his sister has said. Conman 'Teemak' now in therapy; bishop father to pay off his Ponzi scheme victims Namatai Marygrace Chipunza took to Facebook in the aftermath of news reports exposing the self-proclaimed millionaire Taona Oswald Chipunza – known among socialites as Teemak...read more

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.