HARARE, July 22 (Xinhua) -- Fuel prices rose yet again in Zimbabwe on Monday, just 10 days after the last round of increases.
The price of diesel rose to 7.19 Zimbabwe dollars per liter, up from 5.84 Zimbabwe dollars per liter, while that of petrol rose from 6.10 dollars per liter to 7.47 per liter.
Prior to the last increases 10 days ago, diesel and petrol were selling for 5.07 dollars and 5.26 dollars per liter respectively.
Finance and Economic Development Minister Mthuli Ncube said recently that fuel and electricity tariffs would be reviewed because the current pricing model was no longer sustainable.
Apparently, fuel prices continue to rise in tandem with the foreign currency exchange rate.
The Zimbabwe Energy Regulatory Authority in June increased the price of diesel to 5.07 dollars a liter from 4.88 dollars, while the price of petrol rose to 5.26 dollars a liter from 4.96 dollars.
Fuel prices have gone up several times in 2019, starting with a 150 percent increase in January which saw the price of petrol go up from 1.64 dollars per liter to 3.39 dollars when the local currency was still pegged at par with the U.S. dollar.
