Fuel Prices Zimbabwe
Fuel Pricing Policies
The Ministry of Energy and Power Development includes a Petroleum Department, which supervises the downstream sector of liquid fuels. The downstream sector is partially privatized and liberalized in Zimbabwe. The state owned „National Oil Company of Zimbabwe“ (NOCZIM) has a quasi-monopolistic position (→A2).
The ministries website gives only general information about the sector. There were plans in 2010 to separate NOCZIM into two companies. The NOCZIM website appears to be offline.
Since 2008, fuel prices are given in US$, as the local currency (Zimbabwe Dollar) faces immense inflations.
The National Procurement Committee (NPC) is responsible for fuel imports and publishes recommended pump prices (→A3). However, an internet website of NPC could not be found.
According to several internet articles, Zimbabwe faced fuel shortages in early 2011, due to fiscal problems with NOCZIM.
Fuel Prices and Trends
|Gasoline 95 Octane||Diesel|
* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
New currencies installed in 2006, 2008 and 2009 due to immense inflation! US$ is used for fuels since 2008.
Fuel Price Composition
An internet article (→Annex A2) states, that, as of July 2009, the following taxes and duties are imposed on fuels:
- Excise Tax/VAT (60%)
- Zinara road levies
- Noczim debt redemption levy
- Carbon tax
- NOCZIM strategic reserves tax
No official information could be found.
At a Glance
Only general, but no detailed information could be found online.
Sources to the Public
|Type of Information||Web-Link / Source|
|Other Information||http://www.noczim.co.zw/ (Offline as of April 2011)|