ZERA: Demand For Fuel To Normalise This Week

The Zimbabwe Energy Regulatory Authority (ZERA) said the demand for fuel, which has resulted in long winding queues at service stations across the country, is expected to normalise as the week progresses.

ZERA maintains that the surge in demand is attributable to the resumption of operations by companies that had closed during the festive season. Said ZERA:

The demand for fuel is set to normalise as the week progresses.

The spike in demand is due to the resumption of operations by companies that had closed for the festive season.

Expectations are that fuel supplies will continue to improve and motorists and other consumers are urged not to hoard as that creates artificial shortages.

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On Friday last week, ZERA increased the prices for both diesel and petrol.

The price of diesel was raised from $17.90 to $19.55 while that of petrol was hiked from $17.44 to $18.28 per litre.

The move, according to ZERA, was necessitated by an increase in Free on Board (FOB) and interbank exchange rate.

More: The Herald