ZCZC
BCN-25
ZIMBABWE-ENERGY-PRICE
Zimbabwe fuel prices rise yet again
HARARE, June 13, 2019 (BSS/Xinhua) – Fuel prices rose again in Zimbabwe on
Wednesday with diesel now costing 5.07 RTGS dollars a liter from 4.88 RTGS
dollars, while petrol now costs 5.26 RTGS dollars a liter, up from 4.96 RTGS
dollars.
A spokesperson from the Zimbabwe Energy Regulatory Authority (ZERA)
confirmed the increases in a telephone interview with Xinhua but would not
give reasons for the latest round of increases, promising to submit a written
response.
Further attempts to contact her were fruitless Wednesday morning.
The Zimbabwe government has hiked fuel prices several times in 2019,
starting with a 150 percent increase in January which saw the price of petrol
go up from 1.64 RTGS dollars per liter to 3.39 RTGS dollars per liter. This
was the time the local currency was pegged at par with the U.S. dollar.
The new prices will likely spur an increase in the prices of other goods
and services as fuel plays a key role in the economy.
BSS/XINHUA/HR/1445