{"id":59242,"date":"2022-05-18T16:31:34","date_gmt":"2022-05-18T14:31:34","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/government-reduces-fuel-prices"},"modified":"2022-05-18T18:39:07","modified_gmt":"2022-05-18T16:39:07","slug":"government-reduces-fuel-prices","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/government-reduces-fuel-prices","title":{"rendered":"Government Reduces Fuel Prices"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>The government Tuesday announced that it had reduced the price of fuel by 7 US cents per litre after increasing the mandatory blending of fuel with ethanol from E-10 to E-20.<\/p>\n

This was announced at a post-Cabinet meeting in Harare by Information and Publicity minister Monica Mutsvangwa who said:<\/p>\n

Cabinet has adopted resumption of petrol blending at E10 from April 25, 2022, which has reduced the pump price of petrol by US$0,04 per litre. The blending will go up to E20 by end of May 2022, which will lead to a higher reduction in the price of petrol by US$0,07 per litre.<\/p>\n

Responding to questions from the media, Energy and Power Development Minister Zhemu Soda said blending at E10 had reduced the pump price of petrol by 4 US cents per litre while the move to E20 would further. He said:<\/p>\n

This blending is done for a variety of reasons and this is something that we are actually achieving. By using a locally produced product we are averting the dependence on foreign currency to import all the fuel requirements that we have for the country.<\/p>\n

\u201cEthanol is cheaper than unleaded petrol which we are procuring from outside the country.<\/p>\n

Senator Mutsvangwa also said the government has increased efforts to improve the strategic fuel reserve, with US$40 million worth of fuel having been procured in the last six months.<\/p>\n

She added that the intention is to maintain at least a 30-day stock cover, which at the current consumption levels translates to 150 million litres.<\/p>\n

The minister said the fuel will be released onto the market when necessary to fill supply gaps or to stabilise prices.<\/p>\n

It is also planning to establish a fuel price stabilisation fund that will even out rises in pricing.<\/p>\n

The government also intends to set up a fuel price stabilisation fund to cushion consumers from sharp increases in fuel prices.<\/p>\n

The blending of petrol with ethanol was re-introduced in 2008 after the licensing of Green Fuel\u2019s Chisumbanje ethanol plant to minimise fuel shortages and reduce the huge fuel import bill.<\/p>\n

The resumption of petrol blending at E10 from April 25 and a subsequent increase to E20 by the end of May, was part of the immediate strategies being adopted.<\/p>\n

The blending of fuel is exclusively conducted by licensed blenders only in compliance with Zimbabwe Energy Regulatory Authority regulations.<\/p>\n

Motorists previously complained that blended fuel does not last and also is detrimental to vehicles.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The government Tuesday announced that it had reduced the price of fuel by 7 US cents per litre after increasing the mandatory blending of fuel with ethanol from E-10 to E-20. This was announced at a post-Cabinet meeting in Harare by Information and Publicity minister Monica Mutsvangwa who said: Cabinet has adopted […]<\/p>\n","protected":false},"author":84,"featured_media":59241,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,19,2366],"class_list":["post-59242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-zimbabwe-2","tag-zimbabwe","tag-zimbabwe-energy-regulatory-authority-zera"],"yoast_head":"\nGovernment Reduces Fuel Prices - zimbabwe<\/title>\n<meta name=\"description\" content=\"The government Tuesday announced that it had reduced the price of fuel by 7 US cents per litre after increasing the mand ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/government-reduces-fuel-prices\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government Reduces Fuel Prices\" \/>\n<meta property=\"og:description\" content=\"The government Tuesday announced that it had reduced the price of fuel by 7 US cents per litre after increasing the mand ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/government-reduces-fuel-prices\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-18T14:31:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-18T16:39:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/05\/postQueueImg_14-62852116386a6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"889\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/government-reduces-fuel-prices#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/government-reduces-fuel-prices\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Government Reduces Fuel Prices\",\"datePublished\":\"2022-05-18T14:31:34+00:00\",\"dateModified\":\"2022-05-18T16:39:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/government-reduces-fuel-prices\"},\"wordCount\":415,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/government-reduces-fuel-prices#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/05\/postQueueImg_14-62852116386a6.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zimbabwe\",\"Zimbabwe\",\"Zimbabwe Energy Regulatory Authority (ZERA)\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/government-reduces-fuel-prices#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/government-reduces-fuel-prices\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/government-reduces-fuel-prices\",\"name\":\"Government Reduces Fuel Prices - 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