Search
  1. Home
  2. Southern Africa
  3. Zimbabwe

Fuel price increase.

    ABIDJAN

    Zimbabwe’s state-owned oil procurement company, the National Oil Company of Zimbabwe (NOCZIM), on Wednesday increased the prices of fuel and warned that more increases were in the offing.

    Prices for paraffin - used by the majority of poor Zimbabweans - increased from US $0.17 cents to US $0.39 cents, while the price of diesel went up by 19 percent from US $0.52 cents to US $0.62 cents. Petrol prices were increased by 25.6 percent from US $0.57 cents to US $0.72 cents. Aviation fuel experienced the smallest price rise of 1.6 percent from US $0.48 cents to US $0.49 cents.

    NOCZIM said the hikes were necessitated by it selling fuel at 40 percent below the cost of procurement. “Selling price reviews will continue to be made until NOCZIM operates at a break-even level,” the oil company warned.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

    Share this article

    Our ability to deliver compelling, field-based reporting on humanitarian crises rests on a few key principles: deep expertise, an unwavering commitment to amplifying affected voices, and a belief in the power of independent journalism to drive real change.

    We need your help to sustain and expand our work. Your donation will support our unique approach to journalism, helping fund everything from field-based investigations to the innovative storytelling that ensures marginalised voices are heard.

    Please consider joining our membership programme. Together, we can continue to make a meaningful impact on how the world responds to crises.

    Become a member of The New Humanitarian

    Support our journalism and become more involved in our community. Help us deliver informative, accessible, independent journalism that you can trust and provides accountability to the millions of people affected by crises worldwide.

    Join