Zimbabwe Fuel Prices for First Time in Six Months




Customers queue for fuel at a Trek Petroleum (Pvt) Ltd. gas station in Harare, Zimbabwe, on Thursday, Jan. 17, 2019. Hopes of an economic revival in Zimbabwe lie in tatters 14 months after President Emmerson Mnangagwa took office, as the nation reels from foreign-exchange and fuel shortages, strikes and a dearth of political leadership. , Bloomberg

(Bloomberg) — Zimbabwe cut the price of gasoline for the first in six months by reducing the pump price by 0.3% to Z$675.35 per liter with immediate effect.

Diesel will retail at Z$714.45 per liter from Z$714.91, Zimbabwe Energy Regulatory Authority said in an emailed statement on Tuesday. The last time the southern African country reduced local currency prices was on Jan. 6.