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You Are Here: Home » Africa » Fuel Prices in Zimbabwe Rise By 10 Percent

Flag of ZimbabweThe price of fuel has risen by about 10 percent since the beginning of December amid reports of rampant colluding among suppliers that has led to acute shortages of the commodity in some towns.

The price of petrol has risen from $1.20 a liter at the beginning of the month to an average $1.31 per liter at most fuel stations in the capital Harare.

Diesel prices are now pegged at $1.20 a liter, from about $1 a liter at the end of November.

Suppliers have blamed the sharp hike in fuel prices to logistical problems at Mozambique’s Beira port from where Zimbabwe gets most of its supplies.

They said rising water levels at the Mozambican port are making it difficult for ships to dock, resulting in delays in fuel delivery.

Residents of Masvingo, about 300km south of the capital Harare, are however blaming the shortages on collusion by suppliers who want to create a crisis ahead of the Christmas break in order to justify further price increases.

Long queues have resurfaced in the town which has been without fuel for the past two days.

Source African Press Agency

African News from NetNewsPublisher.com

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