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Fuel Hikes Fears Allayed

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By Nomthandazo Ndlovu

The Zimbabwe Energy Regulatory Authority says the introduction of Statutory Instrument 127 will not trigger any fuel price hikes because fuel prices are reviewed on a monthly basis based on the movement of international prices.

Speaking to Great Dyke news, ZERA Chief Executive Eddington Mazambani said the prices are set in United States dollars every month so there will be no upward movement in fuel prices.

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The remarks come amid reports that some LP gas retailers have hiked prices in response to Statutory Instrument 127 of 2021.

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