- Zimbabwe Energy Regulator announced that the fuel prices will be effective until January 4 2024
- Petrol prices will be cut by 62c to 76c per Litre, and diesel prices will drop by between 118c and 126c per Litre.
The Zimbabwe Energy Regulatory Authority (ZERA) has raised fuel prices effective January 4, 2024, despite fuel price cuts from other countries in the region. South Africa’s Mineral Resources and Energy Department published the official fuel price adjustments for January 2024, showing another sizeable cut for petrol and diesel to start the new year. Petrol prices will be cut by 62c to 76c per Litre, and diesel prices will drop by between 118c and 126c per Litre.
Following a sizeable cut to petrol and diesel prices last week, South African economists noted a ‘modest cut’ building for February. However, it is still too early in the new month to call. On Thursday, December 21 2023, Botswana Energy Regulatory Authority cut the retail pump prices for petrol, diesel and illuminating paraffin by between 37 and 125 thebe. This was after the November 15, 2023 price cut between 57 and 135 thebe.
In a statement, ZERA said the new prices are as follows: Diesel (D50) ZWL/litre – 10,573.16, US$/litre – 1.66; Blend (E20) ZWL/litre – 9,956.37, US$/litre – 1.57; Paraffin (ZWL $–/Litre); Liquid Petroleum Gas – ZWL $11,744.78/Kg, USD – 1.85/Kg. The regulator announced that the fuel prices will be effective from January 4 2024, and set the blending ratio at E20. According to ZERA, operators can sell petroleum products below the prescribed prices if they have trading advantages. Operators must display the prices prominently as per the fuel pricing regulations. The regulator also advised stakeholders to verify the petroleum price releases on the official ZERA website, Facebook, or Twitter.