Mako Jerera
Zimbabwe has reintroduced mandatory blending of petrol, after three months of selling unleaded petrol.
The country suspended mandatory blending of fuel in January due to low ethanol stocks.
However, in its latest statement the Zimbabwe Energy Regulatory Authority (ZERA) said fuel players can re-adopt 10 percent blending.
ZERA said the new revised prices which come into immediate effect for Diesel in local currency is $264.77 per litre from $218.01 that was announced last Month, while that for petrol rose to $254.40 from $216.78.
In United States (US) dollars, the Diesel 50 price rose to US$1.71 from US$1.68 while that of petrol (E10) goes down to US$1.63 from US$1.67.
“Prices have been set in accordance with oil price patterns on the international market, which the Authority is continuously monitoring. The public and operators are advised that the blending ratio is now at E10.
Operators may sell the petroleum products below the prescribed prices depending on their trading advantages and should display prices in a prominent place as provided for by the fuel pricing regulations,” said ZERA.
Mandatory blending is common in countries like China, Brazil, Canada and India.
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