The Zimbabwe Energy Regulatory Authority (ZERA) has with immediate effect slightly increased the price of both diesel and blend in both local currency and United States dollars.
The review is effective from today 5 July 2023 until 4 August 2023.
The regulator said the price increase was due to the blended prices inflation rates which have been slowly increasing in both foreign and local currency.
According to the public notice released by the regulatory body yesterday, the new price of diesel is $9 200.03 or US$1.58 while blend is now pegged at $9 113.66 or US$1.57.
In June, the pegged price for diesel was $4 249.78 or US$1.56 per litre, while blend was pegged at $4 220.38 per litre or US$1.55.
“The public is advised that the blending ratio is at E20. Operators may sell petroleum products below the prescribed prices depending on their trading advantage and should display prices in a prominent place as provided for the pricing regulations.
“Shareholders are advised that the price released by ZERA can be verified on the official ZERA website, Facebook or Twitter handle,” reads the statement.
Kaizer Chiefs coach Cedric Kaze has urged patience and composure after the club’s poor run… Read More
Kaizer Chiefs have suffered a major setback with two experienced players injured. Both Brandon Petersen… Read More
Premier Soccer League giants Kaizer Chiefs have reportedly set their sights on Nigeria international goalkeeper… Read More
Kaizer Chiefs’ preparations for the Soweto Derby were severely disrupted before kick-off, a reality that… Read More
Kaizer Chiefs registered a second successive victory in the CAF Confederation Cup group stages after… Read More
Across Africa, vehicle buyers and importers are discovering a new way to connect — through … Read More