Like clockwork, ZERA announced the new fuel prices for this week yesterday evening. As is mostly the case with these announcements, this was another price increase, although it’s marginal considering some of the hikes we have seen in the past.
- The price of diesel was hiked to $17.74 ZWL per litre up from $17.53 an increase of $0.21. Like we said it’s marginal.
- The price of petrol was hiked to $17.07 up from $16.77 ZWL, $0.30. That’s the biggest increase but again it’s marginal.
The calculations that brought us here
|f||Diesel ZWL$/Litre||Blend E20 ZWL$/Litre|
|Oil Company Margin||0.9383||0.9032|
|Maximum Pump Price||17.74||17.07|
The missing exchange rates
These calculations are as detailed as usual but there are two figures that are missing: the ZIMRA duty exchange rate and the exchange rate used to convert fuel prices to Zimbabwean dollars.
Now that could be an honest mistake or maybe something is afoot here.
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