Zimbabwe: Fuel Prices Trek Upwards

19 February 2018

Fuel prices have marginally increased in the country -- by between 1c and 4c in the last two weeks -- despite a recent drop in prices of up to 15 percent on the international market.

Oil prices shot to $66 per barrel on the international market on January 25 prompting local dealers to hike the price. However, prices have since come down by almost 15 percent in the last three to about $61 as at Friday last week but local prices have remained the same. International oil prices are expected to fall further on rising production in the United States.

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