Home Zimbabwe News Fuel prices up again

Fuel prices up again

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Fuel

Fuel prices up again. Observers say the new prices were reasonable considering that the foreign exchange rate has risen in the last few days. The price increases are effective from today, the Zimbabwe Energy Regulatory Authority (Zera) said in a statement yesterday.

The petrol price has gone by $7,19 to $28,96, but operators can still sell below the cap depending on their trading advantages. Diesel prices marginally went up to $24,93 from $21,52.

Zimbabwe is battling fuel shortages at the moment, with long queues at most service stations, despite an increase in supply.

Speculation is rife that some fuel operators were selling less fuel to motorists on the open market, before funnelling most of their stocks to the black market where it is sold in foreign currency at anything between US0,90c and US$1,40.

It has also suggested that fuel could be sold in bulk to enterprising citizens, who then resell in some neighbouring countries.

Source – The Herald

In other news – Tatelicious says Lorraine Guyo is now sleeping with everyone after terminating Thomas Chizhanje’s pregnancy

Tatelicious says Lorraine Guyo is now sleeping with everyone after terminating Thomas Chizhanje’s pregnancy. So there is drama again in Zimcelebs world as socialite Tatelicious is taking a dig at comedian Lorraine Guyo.

Lorraine Guyo

She Tatelicious posted a picture of the comedian and posted the message below…continue reading.