The Zimbabwe Energy Regulatory Authority (ZERA) has announced new fuel prices effective March 6, 2023.

In a statement, the regulator said petrol would now be sold at US$1.62 or ZW$1455.32 up from US$1.59 or ZW$1 241.01 announced on 26 January 2023.

The authority also said the retail price for diesel is now US$1.67 or ZW$1 499.26 down from US$1.68 or ZW$1 315.09 up from US$1.62 or ZW$1 188.77.

Read part of the statement:

“The prices are for March 2023 based on M-1 and they will be effective up to 5 April 2023.

“The public and operators are advised that the blending ratio remains at E5. Operators may sell the petroleum products below the prescribed prices depending on their trading advantages and should display prices in a prominent place as provided for by the fuel pricing regulations.

“Stakeholders are advised that the petroleum price releases by ZERA can be verified on the official ZERA website, Facebook or Twitter handle.”