Here Are the New Fuel Prices in Zimbabwe Effective 5 December 2024
The Zimbabwe Energy Regulatory Authority (ZERA) has announced updated fuel prices, effective 5 December 2024. The changes include a slight decrease in petrol prices and a minor increase in diesel prices compared to November.
Diesel Price Increases Slightly
According to ZERA, diesel now costs a maximum of US$1.54 per litre, an increase of US$0.02 from November’s price of US$1.52 per litre. In Zimbabwean dollars, the maximum price is 39.34 ZWG per litre.
“The price adjustment reflects market conditions based on M-1,” ZERA stated in its notice.
Operators may sell fuel below these prices, depending on their trading advantages. ZERA emphasised that all fuel stations must display their prices prominently as per regulations.
Petrol Price Drops
For petrol users, there’s some relief. Blended petrol (E20) now costs a maximum of US$1.48 per litre, a decrease of US$0.03 from the November price of US$1.51 per litre. In Zimbabwean dollars, the maximum price is 37.85 ZWG per litre.
“The blending ratio remains at E20,” ZERA clarified.
Official Statement from ZERA
Below is the full statement from ZERA, released on 5 December 2024:
PETROLEUM PRICES – 05 DECEMBER 2024
Please be advised of the fuel prices for diesel and blend effective 5 December 2024. The prices are as follows:
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- Diesel 50: Maximum Price of 39.34 ZWG/Litre or 1.54 US$/Litre
- Blend E20: Maximum Price of 37.85 ZWG/Litre or 1.48 US$/Litre
The prices are for December 2024 based on M-1 and will be effective up to 4 January 2025.
The public and operators are advised that the blending ratio is at E20. 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.
Public Urged to Verify Official Prices
ZERA urged the public and stakeholders to verify petroleum prices through its official platforms.
“Petroleum price releases by ZERA can be verified on the official ZERA website, Facebook, or Twitter handle,” the authority said.
These fuel prices will remain effective until 4 January 2025.
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The post Diesel UP, Petrol DOWN: ZERA Announces New Fuel Prices in Zimbabwe Effective 5 December 2024 appeared first on iHarare News.
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