Zimbabwe fuel prices rise yet again

Source: Xinhua| 2019-06-12 17:32:52|Editor: huaxia
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HARARE, June 12 (Xinhua) -- Fuel prices rose again in Zimbabwe on Wednesday with diesel now costing 5.07 RTGS dollars a liter from 4.88 RTGS dollars, while petrol now costs 5.26 RTGS dollars a liter, up from 4.96 RTGS dollars.

A spokesperson from the Zimbabwe Energy Regulatory Authority (ZERA) confirmed the increases in a telephone interview with Xinhua but would not give reasons for the latest round of increases, promising to submit a written response.

Further attempts to contact her were fruitless Wednesday morning.

The Zimbabwe government has hiked fuel prices several times in 2019, starting with a 150 percent increase in January which saw the price of petrol go up from 1.64 RTGS dollars per liter to 3.39 RTGS dollars per liter. This was the time the local currency was pegged at par with the U.S. dollar.

The new prices will likely spur an increase in the prices of other goods and services as fuel plays a key role in the economy. Enditem

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