As we have already reported, there was a lot of confusion yesterday concerning the latest fuel increases. The government’s position through the Zimbabwe Energy Regulatory Authority (ZERA) is that this latest price hike is illegitimate and unwarranted.
The Zimbabwe Energy Regulatory Authority (ZERA) would like to advise the public and stakeholders that the current fuel prices of RTGS $4.89 and RTGS $4.97 for diesel and blend respectively shall continue to prevail.
The position takes into account the funding arrangements of importation of fuel through Letters of Credit (LCs) which were established at the exchange rate of RTGS $4.6125.
E.T. Mazambani
ACTING CHIEF EXECUTIVE OFFICER
ZIMBABWE ENERGY REGULATORY AUTHORITY
ZERA Fuel statement
