Category: Fuel
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ZERA announces new fuel prices for Zimbabwe starting 6 March
Read More: ZERA announces new fuel prices for Zimbabwe starting 6 MarchZimbabwe Energy Regulatory Authority (ZERA) has announced new fuel prices set to take effect from March 6, 2023. According to the statement, the price of petrol will increase to US$1.62 per litre from the previous price of US$1.61 set on 10 February 2023. On the other hand, the retail price of diesel will decrease to…
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Raising ZESA tariffs is not going to solve Zimbabwe’s electricity crisis
Read More: Raising ZESA tariffs is not going to solve Zimbabwe’s electricity crisisRecently a school of thought and some officials at ZESA have been pushing for another tariff increase. They claim that the current average tariff of about US$0.10 that ZESA is charging is subeconomic because ZESA is paying more for electricity per unit when it imports into Zimbabwe. While I have passionately supported such lines of…
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Mild relief as ZERA reduces diesel prices to US$1.66 per litre
Read More: Mild relief as ZERA reduces diesel prices to US$1.66 per litreYesterday the Zimbabwe Energy Regulatory Authority announced the fuel prices starting December 8 2022. Most businesses will probably be relieved to learn that diesel, a key input and cost driver for businesses was reduced from U$1.70 set on 30 November to US$166 per litre. Petrol prices were however increased from US$1.54 per litre set on…
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Zimbabwean diesel and petrol prices go up following a cut in global production
Read More: Zimbabwean diesel and petrol prices go up following a cut in global productionTwo weeks ago, we warned that Zimbabwean fuel prices were likely to go up again. Now they have gone up twice and the cause is no mystery. Oil production has fallen on the global market following a decision by oil-producing countries led by Russia and Saudi Arabia to cut global oil production by over 2…
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Zimbabwean fuel prices might go up again very soon
Read More: Zimbabwean fuel prices might go up again very soonStarting today,6 October 2022, according to a decree by the Zimbabwe Energy Regulation Authority (ZERA), Petrol will be selling at a maximum pump price of US$1.52 slightly up from the US$1.51 announced last week on 28 September. Diesel will be selling for a top price of US$1.69 down from the US$1.70 announced last week. We…
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Zambian government reintroduces VAT and Levy on fuel
Read More: Zambian government reintroduces VAT and Levy on fuelWhen war broke out between Russia and Ukraine a lot of governments were forced to go into overdrive as fuel and energy prices spiraling out of control. Zambia was one of the countries that responded by scrapping Value Added Tax and Excise Duty on fuel. Now that prices have come down a bit it seems…
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Zimbabwe’s imports increased to US$549.7 million in July 2022
Read More: Zimbabwe’s imports increased to US$549.7 million in July 2022Zimbabwe’s exports totalled US$549.7 million in the month of July 2022 compared to US$541 million back in June. This is an increase of 1.62% which is good news for the country which as it means more foreign currency flowing into the country. There was some mixed news on the imports front. While Zimbabwe is still…
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Expect more price increases as ZERA increases fuel prices
Read More: Expect more price increases as ZERA increases fuel pricesThe way the Zimbabwean government has handled the fuel prices in Zimbabwe has been shambolic. They have failed to keep a handle on prices and ultimately this has led to price surges throughout the Zimbabwean economy. Although most SADC countries have been affected by the war in Ukraine, Zimbabwe has been by far the worst-hit…
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ZERA increases the price of fuel in USD and ZWL
Read More: ZERA increases the price of fuel in USD and ZWLThe day before yesterday the government said that they were working on measures to reduce the price of fuel including mandatory blending up to E20 (20% ethanol in petrol). They also said they would only review the price of fuel once a month. Now they have just done the opposite of it all. Yesterday evening…