Zimbabwe increases fuel prices as economic crisis deepens | News | Al Jazeera

Increasing prices by about 46 percent on Tuesday, the Zimbabwe Energy Regulatory Authority (ZERA) said petrol would cost 4.97 a litre in the local RTGS dollar currency ($1.42/1.27 euro) and diesel would cost 4.89 RTGS dollars.RTGS dollars are a local electronic currency introduced as Zimbabwe struggles with a shortage of the US dollar notes that ha...

Increasing prices by about 46 percent on Tuesday, the Zimbabwe Energy Regulatory Authority (ZERA) said petrol would cost 4.97 a litre in the local RTGS dollar currency ($1.42/1.27 euro) and diesel would cost 4.89 RTGS dollars.

RTGS dollars are a local electronic currency introduced as Zimbabwe struggles with a shortage of the US dollar notes that have recently functioned as its national currency.

ZERA said the move followed new measures by the central bank removing a subsidy and a preferable exchange rate for fuel importers.

"Operators may sell petroleum products at prices below the cap," said ZERA's acting CEO Eddington Mazambani.