The Zimbabwe Energy Regulatory Authority (ZERA) has announced that it has increased the prices of diesel and petrol effective 25 April 2022.
ZERA said the recent prices have been set in line with oil price patterns on the international market.
Part of ZERA’s press statement read:
Prices have been set in accordance with oil price patterns on the international market, which the Authority is continuously monitoring. The public and operators are advised that the blending ratio is now at E10.
Operators may sell 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.
#ZERA Notice: Fuel Prices 25 April 2022@mazeti1@official_MOEPD@InfoMinZW@HeraldZimbabwe@newswireZW@ZBCNewsonline@BusinessTimesZW@ChronicleZim@ManicaPostZim@DailyNewsZim@powerfmzimbabwe@ZTNnews@capitalkfm@ZiFMNews@HevoiNews@Bulawayo24News@263Chat#ZERAFuelPrices pic.twitter.com/BT70YjIPHz
— ZERA (@zeraenergy) April 24, 2022
Diesel price had been US$1.60 or ZWL$213.90 per litre while the price of petrol was US$1.59 and ZWL$213.49 per litre before the recent adjustment.
In other news, iHarare reported that the Zimbabwe Republic Police (ZRP) arrested an alleged notorious armed robber who shot a Waterfalls woman dead in her own home.
37-year-old Aaron Fransisco Machona faces multiple counts of armed robbery and murder that he committed during his 5-month reign of terror.
This was revealed by ZRP national spokesperson Assistant Commissioner Paul Nyathi on Sunday.
The woman was shot dead last month after trying to stop Machona from assaulting a 78-year-old elderly woman.
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Old Mutual reaffirms Zim growth forecast
Old Mutual Investment Group (OMIGZIM), a unit of Zimbabwe’s biggest financial and property firm, Old Mutual Zimbabwe Limited, has reaffirmed its prediction that the economy will register further growth this year despite threats from external shocks.
The group, the largest investment management firm in Zimbabwe, said the growth in the economy was characterised by growing output from the manufacturing sector driven by strong demand.
“Growth is being driven by strong performance in 2021 of major sectors including agriculture and mining and election spending.”
The investment group noted that investments in the economy towards the end of last year would start bearing fruit this year, hence the investment managers’ bullish growth forecast.