Fuel dealers defy govt directive to slash prices

HARARE – It is not yet joy for motorists as fuel dealers have defied government’s directive to slash prices by at least 20 cents.

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petrol

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The Minister of Energy and Power Development, Dr Samuel Undenge last week directed all fuel service stations to slash the price of fuel by at least 20 cents following a 60 percent fall in the global oil price.

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With today being the deadline for the ultimatum, fuel service stations in Harare and Bulawayo however partially adjusted fuel prices by at least 8 cents, defying a government directive to reduce prices by at least 20 cents.

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Zimbabwean motorists who had pinned their hopes on the government directive for the reduction of fuel prices are yet to find salvation as fuel dealers continue to resist.

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In the capital, only Petrotrade had complied with the directive with motorists expressing appreciation that at least there are some businesses who have a conscience.

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Other fuel service stations had slightly reduced the fuel prices to average US,45 per litre for petrol while diesel is pegged at US,30 per litre.

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Zuva pegged their petrol at US,41, with diesel selling at US,29.

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Total and Redan are selling petrol at US,45 per litre while diesel is priced at US,35 per litre.

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Sakunda and Trek Petroleum have pegged their petrol at US,39 while diesel is at US,27 per litre.

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Engen’s petrol is at US,39 per litre with diesel fetching US,30 per litre.

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In Bulawayo, Show Grounds Service Station is selling petrol at US,46 per litre from US,50, while diesel is pegged at US,35 per litre down from US,40.

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The owner of the service station, Tawanda Ruzive admitted reduction of fuel prices can help stimulate growth in other sectors.

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14th Avenue Service Station was selling petrol at US,44 per litre down from US,50 while diesel was at US,36 per litre from US,40.

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Trek Service Station proved to be the cheapest with petrol selling at US,41 a litre while diesel traded at US,28 per litre.

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The Coach and Bus Operators Association expressed anger over the fuel dealers’ resistance to reduce prices as directed by government accusing them of greed.

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Government read a riot act on fuel dealers who are not responding to the tumbling global oil price by reducing the price of fuel.

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Global oil prices fell by 60 percent from around US0 per barrel to US per barrel and other countries like Namibia have seen the reduction of fuel price five times since June last year when global prices started the downward trend.