Harare (New Ziana)- The Zimbabwe Energy Regulatory Authority (ZERA) on Friday announced a downward review of ZWL$ prices for fuel while scrapping the mandatory blending of petrol.
Zimbabwe introduced mandatory petrol blending in 2011 and by 2014, the blended petrol grade E15 was available on the market.
The introduction of mandatory blending came against the backdrop of a fuel crisis, and the need to promote local investments.
According to a statement from ZERA, the new price for Diesel 50 in local currency is ZWL149.55 per litre down from ZWL150.31 while that of petrol is pegged at ZWL152.87 from ZWL154.56 in December.
In United States (US) dollars, the price of Diesel 50 is at US$1.38 while that of petrol (E0) is now pegged at US$1.41.
“The public and operators are advised that the blending ratio has been reviewed from E10 to EO.
“Operators may sell the petroleum products below the prescribed prices depending on their trading advantages and should display prices in a prominent place as provided by the fuel pricing regulations,” it said.