THE price of fuel has gone up, but the supply of the
resource remained subdued yesterday as most service stations were without both
petrol and diesel.
The Zimbabwe Energy Regulatory Authority (Zera) announced
new prices for diesel and petrol, which saw an increase of four cents per litre
for both commodities as from Saturday to reflect the new tax regime by Finance
minister Mthuli Ncube.
Diesel is now selling at $1,34 a litre from $1,30, while
petrol has gone up to $1,38 a litre from $1,34. In a statement, the regulatory authority said the figures
represented maximum freight on board (FOB) and pump prices for the different
fuels.
“The Zimbabwe Energy Regulatory Authority advises that in terms
of the Statutory Instrument 20 and 100 of 2015, the applicable FOB prices
starting on December 1, 2018 are summarised as FOB diesel $0,6500 and blend
$0,5450, while maximum pump price for diesel is $1,34 and blend $1,38,” the
statement read.
Zimbabwe has over the last few weeks been experiencing
erratic fuel supplies, which have been blamed on foreign currency shortages.
The shortages have resulted in some motorists resorting to
the black market, where the fuel is sold at a premium price, with some dealers
demanding payment in foreign currency.
The government on Friday allayed shortages fears saying
they have released $60 million for the scarce commodity.
A survey by NewsDay showed that most fuel service stations
are dry, with very long queues at most service stations, even those without
fuel. Newsday
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