Zimbabwe Hikes Fuel Prices By Over 100 Per Cent

The Zimbabwe Energy Regulatory Authority (ZERA) has announced new fuel prices effective Wednesday, 24 June 2020.

A litre of diesel now costs ZWL$62.77 in local currency and US$1.09 in foreign currency.

Petrol has been priced at ZWL$71.62 in local currency and US$1.28 in foreign currency per litre.

The new prices were announced a few hours after the central bank abandoned the fixed exchange rate of US$1: ZWL$25 and adopted a Foreign Exchange Auction Trading system which set the official Zimbabwe dollar exchange rate to the US dollar at $57.36.

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