It’s another Monday and true to form, the Zimbabwe Energy Regulatory Authority, have just announced another fuel price adjustment which has been effect since 12 AM.
ZERA have also promised that they will be reviewing the prices of fuel each week to make sure that these prices don’t get left behind by the fleeing US dollar.
Here are the new prices
|Diesel ZWL/Litre||Petrol ZWL/Litre|
|Duty (ZIMRA Exchange Rate 12.8878)||3.3851||3.5450|
|Oil Company Margin||0.5760||0.5507|
|Dealer Company Margin||0.7123||0.6811|
|Maximum Pump Price||10.89||10.41|
Service stations start demanding cash
A lot of service stations have started either, demanding cash outright or pretending other forms of payment are down. Due to the government’s own policies, such as the 2% transaction tax and cash shortages, bond notes and electronic funds are in reality not equal. Cash is worth as much as 60% more than electronic funds.
ZERA is aware of this trend however and they have been cracking the whip. A few weeks ago they “closed” several fuel outlets although one those outlets appears to be now operating again. The latest victim of the crackdown appears to be Maps service station in Harare’s Mufakose suburb.