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ZERA delays reviewing fuel prices

ZERA delays reviewing fuel prices. ZERA is supposed to review and announce fuel prices by the 5th of every month but that has not been the case in recent months.

The Zimbabwe Energy Regulatory Authority (ZERA) has delayed announcing the fuel prices for December saying they are watching developments that are taking place on the international oil market.  ZERA said in a statement this Tuesday:

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 on the international oil market, ZERA will issue a statement on the December 2021 fuel prices after the statutory set date.

ZERA is closely monitoring the fuel price 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 November 2021 fuel prices while consultations are being finalised. The December 2021 fuel prices will be announced in due course.

Source – Pindula News

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