FULL TEXT: ZERA Refutes Rumours Fuel Will Be Sold In US Dollars

FULL TEXT: ZERA Refutes Rumours Fuel Will Be Sold In US Dollars 1
FULL TEXT: ZERA Refutes Rumours Fuel Will Be Sold In US Dollars 2

The public’s attention is drawn to statements circulating on social media regarding the
pricing of fuel in the country.

The statements are false and malicious and were not issued by the Ministry of Energy and Power Development nor the Zimbabwe Energy Regulatory Authority. Members of the public are advised to ignore the messages, which are clearly aimed at causing anarchy and pessimism in the fuel sector.

Section 54 of the Petroleum Act (Chapter 13:22) specifically mandates ZERA in
consultation with the Minister of Energy and Power Development to set fuel prices in
Zimbabwe.

The public is advised that the regulations on fuel pricing contained in Statutory
Instruments 80 of 2018, 20 and 100 of 2015 have not changed. The fuel prices are set
on a weekly basis based on the above regulations and these prices are shared with all oil
companies and also published on ZERA website.

Monitoring of the regulated prices is conducted on an ongoing basis with those caught
flouting the regulations being punitively fined. The public is urged to desist from panic
buying and hoarding given the hazardous nature of petroleum products when stored in
undesignated places. ZERA and other law enforcement agencies continue to monitor the
situation.

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Source: Zimeye

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