EXCHANGE RATE TRIGGERED FUEL PRICE RISE

THE Zimbabwe Energy Regulatory Authority (Zera) says the
latest fuel price increase has been caused by the recent adjustment in the
forex exchange rate, which is now fixed at US$1:ZWL$25 on official platforms.

The Reserve Bank of Zimbabwe (RBZ) ha…

THE Zimbabwe Energy Regulatory Authority (Zera) says the latest fuel price increase has been caused by the recent adjustment in the forex exchange rate, which is now fixed at US$1:ZWL$25 on official platforms. The Reserve Bank of Zimbabwe (RBZ) has also granted the greenlight for consumers and businesses to trade in foreign currency and suspended, until further notice, any increase in