Zimbabwe: Forex Fuel Prices Tumble

Fuel dealers allowed to charge in foreign currency are now competing on price, with most charging well below the legal maximums of US$1,28 a litre for petrol and US$1,09 for diesel.

While fuel is readily available on the US dollar market, most motorists do not have foreign currency and if desperate, have to source it on the black market. This shortage of customers with foreign currency and the growing number of stations using directly-imported fuel has created a competitive market.

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