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Zimbabwe 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.

Although 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.

“Section 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 changed.

“The 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.”

They went on to advise the public to ignore the messages, saying they are aimed at causing anarchy and pessimism in the fuel sector. “Monitoring of the regulated prices is conducted on an ongoing basis with those caught flouting the regulations being punitively fined.

The 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.

The message circulating on social media has fuel prices in Bond/RTGS and in USD.

“Diesel

USD$1.12/litre

Bond-Swipe $3,59/litre

Petrol

USD$1.24/litre

Bond/Swipe $3,86.

“Coupons 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 yesterday.

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