Fuel prices up

The Zimbabwe Energy Regulatory Authority (ZERA) has effected fuel price adjustments in light of the new measures taken by the RBZ for fuel procurement based on the interbank rate.

In a statement, ZERA announced that diesel will from Tuesday cost rtgs four dollars 89 cents and petrol rtgs four dollars 97 cents.

The prices are based on the one US dollar to rtgs four, point 6125 exchange rate.

ZERA acting chief executive officer, Edington Mazambani said operators may sell petroleum products at prices below the cap depending on their trading advantages.