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ZERA Hikes Fuel Prices Few Hours After RBZ Abandoned The US$1:ZWL$25 Fixed exchange rate 

The Zimbabwe Energy Regulatory Authority (ZERA) has increased fuel prices with immediate effect starting today, 24 June 2020.

A litre of diesel now costs ZWL$62.77 in local currency and US$1.09 in foreign currency.

Petrol has been priced at ZWL$71.62 in local currency and US$1.28 in foreign currency per litre.

The new prices were announced a few hours after the central bank abandoned the fixed exchange rate of US$1: ZWL$25 and adopted a Foreign Exchange Auction Trading system which set the official Zimbabwe dollar exchange rate to the US dollar at $57.36.

 

 

Runyararo Makunde

Media and Society Studies Student Journalist for zimtrending Blogger Copywriter

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