This development does not come as a shock to many because ZERA has revised the prices within short intervals before. As of today (25 April 2022) the ZWL prices are $264.77/litre for Diesel 50 and $252.40/litre for Blend –E10. The USD prices are $1.71 for Diesel 50 and $1.63 for Blend-E10.

These price hikes are bound to affect everything else from transport prices to food and it will weigh hard on already struggling Zimbabweans. Recently the prices of mealie meal and bread were increased and the exchange rates of the USD to Bond are ever-increasing.

Many people in Zimbabwe are paid in local currency especially civil servants who already had issues with the government earlier this year when they were negotiating salary increases citing the high cost of living in Zimbabwe.

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This comes as a shock to many as one would not expect a price hike, especially in US dollars. Yet ZERA has announced that the new fuel prices are now $1.68 for Diesel and $1.67 for the blend. In local currency, a litre of diesel is now Z$218.01 and petrol Z$216.78 up from Z$195.99 and Z$195.72 respectively.

ZERA mentioned the increase of oil prices on the international market due to the ripple effects of the war against Ukraine by Russia. International oil prices have jumped significantly over the past week as global sanctions cripple Russia’s ability to export crude oil following its invasion of Ukraine.

The general fear is that these fuel prices increases might get out of hand and we will soon find ourselves paying over 2 US dollars per litre soon. This will also affect the cost of other things like food, transport costs etc. ZUPCO recently increased their ticket prices and this change by ZERA may cause another ticket increase.

The post ZERA Increases Fuel Again Blames Ukraine War appeared first on Provoker Magazine.

In his address to the nation at the state house the President also introduced a special rebate for to registered business in Manufacturing, Mining, Commerce and others so as to curtail price increases emanating from the fuel price increase. However the government still maintains that the new prices for fuel are predicated by on the ruling official exchange rate of 1:1 between the Bond note and US$.

The President also announced that the Government is also putting in place a package of measures to cushion its workers, until a full review of cost of living adjustment package due in April 2019 is effected in the context of current budget.

You can see his full statement below:

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