Price of diesel 50 to drop

Price of diesel 50 to drop
Published: 09 February 2018 (12 Views)
THE price of diesel 50 will drop from $1,36 per litre to $1,24 per litre when government phases out diesel 500, Energy minister Simon Khaya Moyo said on Wednesday.

Responding to a question by Gokwe MP Dorothy Mhangami (Zanu-PF) on how government intended to curb arbitrary fuel price hikes, Khaya Moyo told the National Assembly that diesel 500 would be phased out this month. This would result in diesel 50 being transported into the country through pipelines.

Khaya Moyo said in the past diesel 50 could not be imported via pipeline because the storage facility was in Beira.
Diesel 500, which is being phased out, has high sulphur which pollutes the environment and damages engines, while diesel 50 is a low sulphur fuel.

The Energy ministry will amend the Petroleum Act to ensure that all fuel importers bring in diesel 50 and do away with diesel 500, which would be gradually phased out in four months from February to May 2018.

Khaya Moyo said the Zimbabwe Energy Regulatory Authority was responsible for pricing of fuel in the country and did so on a weekly basis.

"It is common for the price to increase by a cent or so each time pricing is done. It is rare for the local price to remain constant for two weeks. If there are any arbitrary fuel hikes, then these are illegal," he said.

- newsday

Tags: Diesel, Price, drop,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

WATCH: 'Tsvangirai changed Zanu-PF politics'

by Staff reporter | 25 February 2018 | 48 Views

'Diamond revenue to date not anywhere near $15bn'

by Staff reporter | 25 February 2018 | 35 Views

Man accuses wife of being promiscuous

by Staff reporter | 25 February 2018 | 46 Views

Mnangagwa's coup govt God's plan, claims minister

by Staff reporter | 25 February 2018 | 41 Views

Peter Ndlovu turns 45

by Staff reporter | 25 February 2018 | 38 Views

Mugabe hosts lavish private birthday party

by Staff reporter | 25 February 2018 | 46 Views

$124,000 debt haunts Gershem Pasi

by Staff reporter | 25 February 2018 | 34 Views

First Lady steps up cancer fight

by Staff Reporter | 25 February 2018 | 29 Views

AFM President in court

by Staff reporter | 25 February 2018 | 28 Views

Good news forZimbabwe jailbirds

by Staff reporter | 25 February 2018 | 30 Views

US sends positive signals to Mnangagwa

by Staff reporter | 25 February 2018 | 35 Views

How MDC-T will behave if it got into government

by Staff reporter | 25 February 2018 | 23 Views

Highlanders, Dynamos on ZNA Shield war footing

by Staff reporter | 25 February 2018 | 37 Views

#EDHasMyVote Campaign reaches gukurahundi hotspots

by Staff reporter | 25 February 2018 | 30 Views

To hell with Zimbabwe and its village politicians

by Israel Dube | 25 February 2018 | 31 Views

Tertiary institutions to recruit students without Maths

by Staff reporter | 25 February 2018 | 33 Views

Mnangagwa in a quandary as coup d'etat group faces split

by Israel Dube | 25 February 2018 | 46 Views

Khupe ready to meet Chamisa

by staff reporter | 25 February 2018 | 35 Views

Chilling police torture claims

by Staff reporter | 25 February 2018 | 28 Views

Councillors demand allowances to bury Tsvangirai

by staff reporter | 25 February 2018 | 31 Views

Mnangagwa to dine with Cricket World Cup teams

by Staff reporter | 25 February 2018 | 34 Views

Police probes funeral day attack on Khupe

by Staff reporter | 25 February 2018 | 25 Views

Tsvangirai's brother lodge complaint over ill-treatment

by Staff reporter | 25 February 2018 | 23 Views

Madzibaba arrested near Mnangagwa with loaded firearm, denied bail

by Staff reporter | 25 February 2018 | 21 Views

Mnangagwa's spokesman reflects on Tsvangirai role on democracy

by Staff reporter | 25 February 2018 | 22 Views

Sables to play Barbarian Lions

by Staff reporter | 25 February 2018 | 30 Views

Swiping machines for kombis

by Staff reporter | 25 February 2018 | 22 Views

Zanu-PF terror gang wreaks havoc

by Staff reporter | 25 February 2018 | 22 Views

Obert Mpofu stirs hornet's nest

by Staff reporter | 25 February 2018 | 20 Views

Peter Zwide Khumalo takes family to court

by Staff reporter | 25 February 2018 | 20 Views

Zimbabwe genocide victims remembered in Bhalagwe

by Staff reporter | 25 February 2018 | 24 Views

Tsvangirai's ex-wife sued for $98,000

by Staff reporter | 25 February 2018 | 20 Views

MDC-T HQ renamed after Tsvangirai

by Staff reporter | 25 February 2018 | 27 Views

Tycoon fights Grace Mugabe

by Staff reporter | 25 February 2018 | 21 Views

Tsvangirai okayed Mnangagwa coup

by Staff reporter | 25 February 2018 | 20 Views

Mnangagwa not invited to Mugabe's private black-tie birthday party

by Staff reporter | 25 February 2018 | 23 Views

Chamisa faces arrest

by Staff reporter | 25 February 2018 | 21 Views