Zimbabwe announces 2nd fuel price hike amid Middle East conflict


HARARE, March 18 (Xinhua) -- Zimbabwe on Wednesday announced the second increase in petrol and diesel prices in recent weeks as the ongoing conflict in the Middle East continues to put pressure on global oil markets.

The Zimbabwe Energy Regulatory Authority (ZERA) announced in a statement that blended petrol now costs 2.17 U.S. dollars per liter, up from 1.71 dollars set on March 4, while diesel costs 2.05 dollars per liter, up from 1.77 dollars.

"The government is taking deliberate actions to ensure that fuel brought into the country is accessed by all fuel stations, especially those in the far-flung areas of the country," the ZERA said.

The ZERA said the government will endeavor to keep the price of diesel lower than what it ought to be to mitigate the impact on the mining, agriculture, haulage services and passenger transport sectors.

It also assured the public that petroleum stocks remain sufficient, with more than three months of supply currently available.

"Working with oil traders, the government is opening up supply routes not affected by the current conflict in the Middle East," it added.

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