Service Stations ‘Reverse’ Fuel Price Hike, Still Selling At Gazetted Prices

Service stations across the country have maintained the current fuel prices gazetted by the Zimbabwe Energy Regulatory Authority (ZERA).

On Tuesday, there were widespread reports, especially on social media that some fuel dealers had hiked fuel prices to almost RTGS $8.00 per litre, following the parallel market exchange rate of 1:8.

However, on Wednesday, fuel retailers were selling petrol at the gazetted $4,97 per litre, with diesel selling at $4,86 per litre.

The reports of a fuel price hike inevitably were used by transport operators to hike fares to as much as $5 per trip, from $2.

There were long, winding queues at the few services stations that were selling the precious liquid.

More: The Herald

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