Connect with us

Hi, what are you looking for?

LOCAL NEWS

Prices Of Both Petrol And Diesel Go Up Effective 10 February 2023

Govt Gazette New Diesel & Petrol Prices!

In a statement seen by ZiMetro News, the regulator said petrol would now be sold at US$1.61 up from US$1.59 or ZW$1 341.07 up from ZW$1 241.01.

The authority also said the retail price for diesel is now US$1.70 up from US$1.68 or ZW$1 418.08 up from ZW$1 315.09. Read part of the statement:

The public and operators are advised that the blending ratio remains at E5. Stakeholders are advised that a decision has been made to migrate to monthly as opposed to weekly pricing that has been in place since May 2022. This is to ensure stability over a longer period. As a starting point, the current review is for two weeks. Operators may sell petroleum products below the prescribed levels depending on their trading advantages and display prices as per regulations. Stakeholders are advised that the petroleum price releases by ZERA can be verified on the official ZERA website, Facebook or Twitter handle.

The average price of diesel around the world is 1.31 U.S. dollars per litre while the average price of gasoline around the world is 1.30 U.S. dollars per litre.

GlobalPetrolPrices.com says the differences in prices across countries are due to the various taxes and subsidies for diesel. All countries have access to the same petroleum prices of international markets but then decide to impose different taxes. As a result, the retail price of diesel is different.

Advertisement. Scroll to continue reading.

President Emmerson Mnangagwa last year directed that duty on fuels be reduced by US 13 cents among other measures to ensure the supply in the market remains stable and affordable.

Fuel prices went up in February with the government attributing the increase to the war between Russia and Ukraine which they said disrupted global trade as the two countries are the main producers of oil.

Analysts noted, however, that while the conflict had an impact on economies all over the world, Zimbabwe’s fuel prices were greater than those of its regional counterparts because of higher taxes.

In other news…

Doctor who raised another man’s child for 11 years sues ex-lover for US$163,000

 

Advertisement. Scroll to continue reading.

A doctor who paid maintenance for a child for 11 years is suing his ex-lover for US$163,000 after learning that the child is not his.

Doctor who raised another man’s child for 11 years sues ex-lover for US$163,000

A pathologist from Bulawayo named Dr. Roger Kruger Hendrick Chigangacha has sued Natasha Popova Sibanda in the High Court to get his money back for tricking him into caring for another man’s child.

Chigangacha was not the father of the kid, according to…read more

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Catch More Updates Below

LOCAL NEWS

The Zimbabwe Energy Regulatory Authority (ZERA) has announced fuel prices effective from 06 February to 04 March 2024. ZERA set the price of diesel...

BUSINESS NEWS

The Zimbabwe Energy Regulatory Authority (ZERA) has announced new fuel prices effective 30 November 2022. The previous review was on 23 November 2022. Please...

Advertisement