The Zimbabwe Energy Regulatory Authority (ZERA) has announced a drop in fuel prices for petrol and diesel effective 15 December 2022.
In its latest update seen by Pindula News, the regulator said blended petrol is now pegged at US$1.50 or $1 007.45 per litre from US$1.55 or $1 023.77 while diesel is now pegged at US$1.62 or $1 090.38 per litre down from $1.66 or ZWL 1 095.55 per litre.
ZERA last reviewed fuel prices on 8 December 2022.
The regulatory body also advised the public and operators that the blending ratio for unleaded petrol has been reduced from 15 per cent to five per cent. Reads the statement:
The public and operators are advised that the blending ratio for unleaded petrol has been reduced from 15% to 5%. Operators may sell the petroleum products below the prescribed prices depending on their trading advantages and should display prices in a prominent place as provided for by the fuel pricing regulations. Stakeholders are advised that the petroleum price releases by ZERA can be verified on the official ZERA website, Facebook or Twitter handle.
Fuel Saving Tip: Plan your trips to avoid using congested routes. Driving in heavy stop-start traffic negatively affects fuel economy. If you can, avoid rush hours.
The drop in fuel costs comes as consumers prepare for the festive holidays and also comes after the Zimbabwe National Statistics Agency (ZIMSTAT) reported a drop in the month-on-month inflation rate to 1.8 per cent in November.