3-mob.com 
Zimbabwe’s Ministry of Energy has issued an ultimatum to the fuel retailers to review price of products.
Minister Samuel Undenge says that the industry has until the 14th of January to adjust pricing.
- Zim government wants fuel prices adjustedJenn Durfey / Foter / CC BY
Journalist Sharon Tawuya quoted Undenge saying prices should be around these prescribed levels:
Max pump prices allowable based on pricing formula are $1.20 diesel and & $1.32 petrol per litre (using December 2014 prices)
Fuel currently retails at about 20 cents above those levels.
If the industry does not respond government will interview even though it is not keen on price control, added Mudenge.
Zimbabwe’s fuel price levels have remained high in spite of oil prices falling to their lowest in years. Fuekl prices have fallen to under USD50 a barrel from a July level of USD107.
Comments
Loading…