Zim fuel now second most expensive in Sadc

ZIMBABWE’S markets, businesses and motorists have been jolted by steep government fuel price hikes, with diesel and petrol surging nearly 16% and 27% per litre, respectively, to US$2,05 and US$2,17, intensifying cost and inflationary pressures across the economy. 

On Wednesday, the government, through the Zimbabwe Energy Regulatory Authority (Zera), hiked the price of diesel and petrol per litre to US$2,05 and US$2,17, respectively, from US$1,77 and US$1,71. 

This was prompted by the current war pitting the United States and Israel against Iran, which has rocked global commodity prices, particularly oil, where trading is ranging from US$106 to US$115 per barrel of brent crude. 

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