Zera dispels fuel price hike

HARARE - The Zimbabwe Energy Regulatory Authority (Zera) has dispelled media reports of fuel prices hikes following a highly disputed election held last Wednesday.

Gloria Magombo, the Authority's chief executive, said that the results of the elections were not in anyway linked to any changes in prices.

“Fuel prices have not changed in Zimbabwe and remain in line with statutory instrument 83 of 2009: Control of Goods (Petroleum Prices). Zera views such reports as trying to instigate unnecessary hikes not at all related to any changes in the cost drivers of fuel,” said Mogombo.

The international crude prices have generally remained stable and therefore Zera does not expect any upward movement in the prices of fuel.

Comments (3)

If these rumors about fuel hike are coming from MDC sympathisers, then they are fast killing there party. Its not good to let people suffer at political expedience

Joseph - 6 August 2013

Papers that write such falsewoods must be punished.

Hlongwane Spinach - 6 August 2013

1. Check the pump prices today 2. Compare prices to those prior to the election 3. Conclude By the way what do you say about the Zimbabwe stock exchange? I believe Joseph and Spinach you do know what the ZSE is and that it has taken a historic nose dive since the fraudulent poll. I bet you also blame the MDC for this. Unless you are part of those who are busy looting while the people of this country suffer I have to confess that I fail to understand your logic.

bingo wajakata - 8 August 2013

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