Fuel Prices Fall In Spite Of Severe Shortages At Filling Stations

The prices of fuel have dropped slightly even though the precious liquid is in short supply.

The price of diesel was previously at $1,34 per litre and is now at $1,25 while petrol which was $1,38 now costs $1,32 per litre. The free on board (FOB) charge for diesel is 0,5434 per litre while petrol is 0,4726.

The Zimbabwe Energy Regulatory Authority (Zera) said the prices which were implemented recently were in line with the Statutory Instruments enacted in 2015. A statement released by ZERA reads as follows:

Zera advises that in terms of Statutory Instrument 20 and 100 of 2015, the applicable FOB prices for the week starting January 7, 2019, are summarised in the table below.

Please note that these figures take into account the revised excise duty and represent maximum FOB and pump prices for the different fuels. Operators may, however, sell at prices below the cap depending on their trading advantages.

The fall in fuel prices may not bring any joy to motorists in the short as they spend hours in winding fuel queues, in most cases, going away empty-handed,


More: Daily News

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