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ZERA delays September fuel prices review update

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ZERA delays September fuel prices review update. In a statement released on Monday, ZERA said it will announce the September 2021 fuel prices in due course, while in the meantime, fuel dealers should continue using the August prices.

The Zimbabwe Energy Regulatory Authority (ZERA) has delayed the reviewing of September 2021 fuel prices citing developments taking place in the international oil market. The Authority said:

According to Statutory Instrument 270 of 2019, Petroleum (Petroleum Products Pricing) Regulations, the Zimbabwe Energy Regulatory Authority (ZERA) is supposed to review and announce fuel prices by the 5th of every month. However, due to developments that are taking place, ZERA will issue a statement on the September 2021 fuel prices after the statutory set date.

ZERA is working vigorously to have the fuel prices for the month announced and are paying close attention to trends on the international oil market while consulting local key stakeholders on the likely impact of the developments on the final pump prices.

Fuel operators are therefore urged to continue trading as per the August 2021 fuel prices while consultations are being finalised. The September 2021 fuel prices will be announced in due course.

Source – Pindula News

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