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:
| Description | Diesel | Petrol |
|---|---|---|
| FOB | 0.5920 | 0.5533 |
| Exchange Rate | 8.5000 | 8.5000 |
| Duty (ZIMRA Exchange Rate: 10.2825) | 2.7593 | 2.9251 |
| Oil Company Margin | 0.5457 | 0.5295 |
| Dealer Margin | 0.6749 | 0.6548 |
| 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.
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