Petrol price fall likely as ethanol production resumes

Petrol price fall likely as ethanol production resumes
Published: 18 May 2018
Zimbabwe's petrol prices are expected to ease marginally as the country records improved supplies of ethanol after the sole producer, Green Fuel, resumed operations at its plant in eastern Zimbabwe.

Ethanol supplies dried up after Green Fuel, the largest local ethanol producer, shut down the plant for a scheduled annual maintenance but failed to restart on time.

Zimbabwe has a mandatory blending ratio of 20 percent, but fluctuates from time to time depending on supply. Some fuel retailers had raised prices by as much as 10c per litre arguing they were selling expensive 100 percent unleaded petrol.
- Business Weekly
Tags: Petro,

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