Derick Tsimba

Fuel suppliers have been urged by Government to desist from exclusively charging customers in USD as this is not consistent with their operation licences. 

On his twitter handle, the Minister of Energy and Power Development Advocate Fortune Chasi said charging fuel in USD was unacceptable.

“It is unacceptable for fuel players to insist on USD payments only. That is not compliant with their licences. Remedial action will be taken,” said the Minister.

The Ministry of Information, Publicity and Broadcasting Services also said that, following the intended upward adjustment of fuel prices recently, Cabinet resolved that it was deplorable for fuel players to sell fuel at the cost of RTGS $7 per litre.

“Cabinet has resolved that it is unacceptable to sell fuel at as high as RTGS $7 per litre. Minister of Energy and Power Development has met players and warned them that this behaviour is not acceptable and Zimbabwe Energy Regulatory Authority (ZERA) will be out in full force enforcing the law,” said the Ministry of Information.

In a press statement issued out by ZERA, the Acting Chief Executive Officer, Eddington Mazambani said the public should be aware that fuel prices had not been changed from the current RTGS $4.89 and RTGS $4.97 for diesel and petrol respectively.

“ZERA would like to advise the public and stakeholders that current fuel prices of RTGS $4.89 and RTGS $4.97 for diesel and blend respectively shall continue to prevail.

“This position takes into account the funding arrangements of importation of fuel through Letters of Credit (LCs) which were established at the exchange rate of RTGS $4.6125,” said Mazambani.

Government continues to safe guard the country from unscrupulous business practices which are aimed at profiteering at the expense of the public.