Energy Regulatory Authority (ZERA) has dismissed rumours circulating on social
media that from Monday fuel will be priced in hard currency causing massive
hikes in commuter omnibus fares.
in a statement ZERA urged people to dismiss the message, they did not directly
address these allegations.
“The statements are false and malicious and were not issued by the Ministry of
Energy and Power Development, nor the Zimbabwe Energy Regulatory Authority,”
read part of the statement.
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
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.”
went on to advise the public to ignore the messages, saying they are aimed at
causing anarchy and pessimism in the fuel sector.
of the regulated prices is conducted on an ongoing basis with those caught
flouting the regulations being punitively fined.
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,” they said.
message circulating on social media has fuel prices in Bond/RTGS and in USD.
to be sold only to government departments at subsidised price by CMED Pvt Ltd,”
read the message with claims that they are outcomes from a meeting held
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