22 August 2017
   
NGOs petition SA embassy over Grace impunity
Man marries off wife to lovelorn man for $4k
Priscilla: Call me CIO, MDC Alliance bad
Thuli Madonsela: Grace victim deserves apology
Biti bans PDP members from social media
EU confronts speaker over legal reforms
Sadc letting Zim govt off the hook: NGOs
Fresh white farmers Sadc suit against Bob
MORE NEWS
Zimbabwe urged to manufacture ARVs
Agribank reports $2,18m profit in H1
MORE BUSINESS
UK: Eats, jive and joy at 2017 Zimfest
Churches at 2017 Byo Intwasa festival
MORE SHOWBIZ
Chungwa brace sinks Ngezi Platinum
Mapeza’s Platinum edge Triangle to go top
MORE SPORTS
Reptiles and Eagles in High Noon: Dinizulu
A view: Grace Mugabe & diplomatic immunity
MORE OPINION
 
VP poison: prophecy or prediction?
Yesterday’s ogres & restorative justice
MORE COLUMNISTS
 
 

Govt raises mandatory fuel blending ratio to 15pct

19/06/2017 00:00:00
by Source.co.zw
 
 
RELATED STORIES

HARARE: The Zimbabwe has with immediate effect raised the threshold for the mandatory blending of fuel with ethanol from 10 to 15 percent. 

Zimbabwe made the blending compulsory in 2013 ,starting off at five percent and later to 10 percent in a bid to cut the country’s fuel import bill. Treasury figures show that the country spent $293 million on fuel imports in the first quarter.    

“It is hereby notified that in terms of section 4(1) of the Petroleum Regulations, 2013 ... the Minister approves the current level of mandatory blending to 15 per centum,” the Minister of Energy Samuel Undenge said in a notice in the government gazette on Friday.    

“The consequence of this approval is that all licensed operators, shall from the date of publication of this notice, be mandated to sell unleaded blended at E15”.

Greenfuel, a joint venture between government’s Agricultural and Rural Development Authority (Arda) and businessman, Billy Rautenbach’s Macdom and Rating Investments, together with Hippo Valley’s Triangle estates are the country’s only producers of Ethanol. 

Fuel in Zimbabwe has however remained expensive despite the blending. The price of litre of petrol ranges between $1,37 and $1,46 per litre while diesel costs between $1,26 and $1,36 per litre, far much more than the regional average in other landlocked countries.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker