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:

DescriptionDiesel Petrol
Exchange Rate8.50008.5000
Duty (ZIMRA Exchange Rate: 10.2825)2.75932.9251
Oil Company Margin0.54570.5295
Dealer Margin0.67490.6548
Maximum Pump Price in ZWL10.3210.01

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.