THE Zimbabwe Energy Regulatory Authority (Zera) yesterday announced an increase in fuel prices due to the FOB (Free on Board) price.
Blend petrol, which was at $9,95, is now $10,41 while diesel is now $10,89 from $10,42.
FOB basically refers to costs involved in shipping the product. In a statement, Zera confirmed the increase in fuel prices.
“The changes in the fuel prices are due to the FOB price movements and the revised duty regime (SI 161 of 2019) applicable from Monday 16 September, 2019.
“Operators may, however, sell at prices below the cap depending on their trading advantages,” read the statement.