Breaking News

After denials, ZERA hikes fuel price

by Staff reporter
21 May 2019 | 1722 Views
The Zimbabwe Energy Regulatory Authority (ZERA) has effected fuel price adjustments from this Tuesday in light of the new measures taken by the Reserve Bank of Zimbabwe (RBZ) on fuel procurement based on the interbank rate.

In a statement, ZERA announced that diesel and petrol will now cost RTGS$4.89 and RTGS$4.97 respectively, with the prices applicable for the period 21 May to 26 May 2019.

The prices are based on the US$1:RTGS$4.6125 exchange rate.

ZERA Acting CEO, Edington Mazambazani said operators may sell petroleum products at prices below the cap depending on their trading advantages.




RBZ Governor, Dr John Mangudya yesterday announced that procurement of fuel by oil marketing companies will with immediate effect be done through the interbank foreign exchange market in order to promote the efficient use of hard cash and avoid hoarding of the commodity.




Zera Fuel Hike

Source: zbc

Comments

Latest News

List of alleged individuals targetted by army leaked

by Mandla Ndlovu | 17 September 2019 | 1 Views

Mawarire calls for ZEC to be dissolved

by Mandla Ndlovu | 17 September 2019 | 3 Views

Mnangagwa owns CBZ bank?

by Mandla Ndlovu | 17 September 2019 | 3 Views

Zimbabwe Communist Party speaks on abducted doctor

by ZCP | 17 September 2019 | 5 Views

Chiwenga to kick out Mnangagwa?

by Mary-Kate Kahari/Malvin Motsi | 17 September 2019 | 10 Views

Mnangagwa heartless - Dear EditorIt saddens me to see that E.D. Mnanga...

by Vusa Sigola | 17 September 2019 | 2 Views

No to Mugabe mausoleum - The Zimbabwe Campaign for Good Governance (ZC...

by Morgan Changamire | 17 September 2019 | 2 Views

Work on Mugabe's grave house begins - The construction of a mausoleum ...

by Staff reporter | 17 September 2019 | 1 Views

Ramaphosa revisits booing nightmare during Mugabe funeral

by newzimbabwe | 17 September 2019 | 5 Views

Chief Zvimba blasts Mugabe's nephew

by Staff reporter | 17 September 2019 | 4 Views

Striking doctors blocked from confronting Mnangagwa

by newzimbabwe | 17 September 2019 | 1 Views

Mugabe Memorial: Family reflects on 'empty' stadium - While the Zimbab...

by Staff reporter | 17 September 2019 | 1 Views

Mnangagwa's minister condemns doc's 'abduction' - THE Minister of Heal...

by Staff reporter | 17 September 2019 | 4 Views

MDC-Alliance members urged to 'repent' and join Zanu-PF - MDC-Alliance...

by Staff reporter | 17 September 2019 | 8 Views

RBZ explains exchange rate depreciation - THE depreciation of the Zimb...

by Staff reporter | 17 September 2019 | 4 Views

CIO rubbishes connection to missing doctor's case - The Zimbabwe Repub...

by Staff reporter | 17 September 2019 | 4 Views

Man torches ex-lover's hut - A LUPANE villager has been slapped with a...

by Staff reporter | 17 September 2019 | 2 Views

Zapu retiring its old guard

by Staff reporter | 17 September 2019 | 4 Views

Zvimba chiefs felt betrayed over Mugabe controversy - The late former ...

by Staff reporter | 17 September 2019 | 1 Views

Lobby for 24-hr clinics taken to Parliament - PARLIAMENT has referred ...

by Staff reporter | 17 September 2019 | 1 Views

Chamisa's MDC to roll out more demos

by Staff reporter | 17 September 2019 | 2 Views

Mugabe family feuds over body

by Staff reporter | 17 September 2019 | 1 Views

Two die in mine blast - TWO Kadoma illegal gold miners died last week ...

by Simbarashe Sithole | 16 September 2019 | 187 Views

In Pictures: Ramaphosa sends envoy to Nigeria over Xenophobia

by Staff Reporter | 16 September 2019 | 336 Views

Truck crashes into State House

by Staff Reporter | 16 September 2019 | 1570 Views

Is your business' cyber security up to code?

by Staff Writer | 16 September 2019 | 176 Views

Entertainment

Hip-hop top 10 spansers

by Staff Writer | 12 September 2019 | 921 Views

Victoria Falls cancels Babes Wodumo gig over xenophobia

by Mandla Ndlovu | 12 September 2019 | 1582 Views

Harare Wellness Festival a huge success

by Mandla Ndlovu | 09 September 2019 | 618 Views

BREAKING: Dr Malinga cancels Skyz Metro FM gig over xenophobia

by Mandla Ndlovu | 05 September 2019 | 1879 Views

Mlindo the Vocalist fears xenophobic attacks in Zimbabwe

by Mandla Ndlovu | 04 September 2019 | 7904 Views

Green dupes Bindura fans - AFRO FUSION musician Carlos Green aka "vaku...

by Simbarashe Sithole | 01 September 2019 | 824 Views

Top 5 PS2 ISOS to play with friends you can get right now

by Staff Writer | 21 August 2019 | 401 Views

Rebecca Malope retires

by Mandla Ndlovu | 20 August 2019 | 6611 Views
iBlog

Five Reliable Outlook Pst File Repair Tools

Outlook pst files can become corrupted -- and when that happens, work grinds to a halt. if your organization relies on outlook, one of these tools could save the day. outlook is the industry standard groupware tool. let's take a look at five that can... Read More
ITnews 04 May 2015 ago

Hp Omen 15-5116tx – The Next Generation Gaming Laptop

the hp omen 15-5116tx is being targeted at the performance hungry gamers. it comes in a single variant boasting an eye-catching attractive design. the notebook offers a slim, lightweight chassis and appears like a piece of art than an actual gaming... Read More
Sergey 11 June 2015 ago