The Zimbabwean government has done it again. ZERA the energy authorities have effected another fuel increase which will see motorists and generator owners having to pay more than $10 a litre.
Below are the new fuel prices as of tomorrow:
|Duty (ZIMRA Exchange Rate: 10.2825)||2.7593||2.9251|
|Oil Company Margin||0.5457||0.5295|
|Maximum Pump Price in ZWL||10.32||10.01|
The government has always said they wanted to increase the prices of fuel so that they would be around the $1 USD mark. This draws them closer to that goal. In fact, going by what some banks are paying the government has exceeded its goal.