The Zimbabwe Energy Regulatory Authority (ZERA) has approved an increase in fuel prices following almost a month with no adjustment in the price of fuel. The new fuel prices are effective tomorrow Saturday, 05 September 2020.
Diesel has now gone up to ZWL $86.38 per litre, an increase of ZWL $3.00 per litre from the previous price of ZWL $83.36 per litre.
Blended Petrol has gone up to ZWL$97.93 per litre. This is an increase of ZWL $4.78 from the previous price of ZWL$93.15 per litre.
However, there is good news for those buying in foreign currency. The United States Dollar prices have gone down slightly. Blended Petrol went down by 10 cents and is US$1.18 per litre while diesel is down 5 cents to US$1.04 per litre.
Below is the full statement from ZERA
The price of fuel has now become more stable since the Reserve Bank of Zimbabwe (RBZ) introduced the weekly foreign currency action system in June. Although the price is subject to change, it is no longer changing on a weekly basis.
However, people are complaining that the fuel which is supposed to be sold in the local Zimbabwe currency, still referred to by many as RTGS, seems to be scarce and not readily available.
Due to the scarcity of fuel being sold in the local currency, there are usually long winding queues at the service stations which will be selling in Zimbabwe Dollars.