The Zimbabwe Energy Regulatory Authority (ZERA) has announced new fuel prices effective from June 4 to July 4, 2024, aimed at reflecting changes in global oil prices and ensuring a stable supply of fuel in the country. The price of diesel has decreased from $1.66 per liter to $1.61 per liter, a reduction of $0.05 per liter.

This decrease is expected to bring relief to the transportation sector, which relies heavily on diesel, and may lead to a reduction in the cost of goods and services. On the other hand, the price of petrol has increased from $1.58 per liter to $1.59 per liter, a rise of $0.01 per liter. This increase is attributed to the global rise in crude oil prices, which has affected the cost of fuel production and importation.

Please note that fuel prices may vary depending on the vendor and other factors, such as location and taxes. Additionally, prices are subject to change based on global market trends and other economic factors. The Zimbabwe Energy Regulatory Authority (ZERA) is responsible for regulating the energy sector in Zimbabwe, including setting fuel prices.

ZERA reviews fuel prices on a monthly basis to ensure that they reflect changes in global oil prices and other market factors. The adjustment in fuel prices is expected to have a ripple effect on the economy, with the decrease in diesel prices potentially leading to a reduction in the cost of goods and services, while the increase in petrol prices may lead to higher transportation costs.