Commercial Farmers' Union of Zimbabwe

Commercial Farmers' Union of Zimbabwe

***The views expressed in the articles published on this website DO NOT necessarily express the views of the Commercial Farmers' Union.***

Petrol price up marginally 

Petrol price up marginally

Source: Petrol price up marginally | The Herald

Petrol price up marginally

Faith Katete

Herald Reporter

Maximum petrol prices rose marginally yesterday by four US cents a litre to US$1,34, with maximum diesel prices remaining at US$1,32.

Diesel can be sold for no more than US$1,32 or $111,77 a litre, while the maximum retail price of petrol is now US$1,34 or $112,96. 

The change in the auction rate over the last month since the Zimbabwe Energy Regulatory Authority (Zera) last set maximum retail prices has seen diesel rise in price in local currency from $110,41 to $111,77, while the increased US dollar price and the exchange rate shift have combined to push maximum petrol prices up from $109,17 to $112,96.

Zera stresses that retailers can sell fuel for less than the maximum price, just not more.

The present supply chains have seen some low-level price cutting, especially in the US dollar market where free funds must be used, where margins have been cut to try and push volumes.

Facebook
Twitter
LinkedIn
WhatsApp

Zinwa hikes water tariffs

Zinwa hikes water tariffs The Chronicle 17/1/2022 Midlands Bureau Chief THE Zimbabwe National Water Authority has reviewed upwards tariffs of both treated and raw water.

Read More »

Tugwi-Mukosi spills

Tugwi-Mukosi spills The Chronicle 17/1/2022 Harare Bureau Zimbabwe’s second largest interior dam Tugwi-Mukosi spilled for the second time since its commissioning sparking fears of flooding

Read More »

New Posts: