WASHINGTON DC —
Some fuel service stations in Zimbabwe have reportedly reduced the price of fuel as per a government directive issued last week.
According to the state-controlled Herald newspaper and several other media reports, the fuel traders have reduced the price of petrol and diesel by at least 20 percent.
Fuel dealers are currently selling diesel and petrol at an average price of $1.40 and $1.50 per litre.
The government said last week it was worried that fuel traders are charges high prices while the price of crude oil was declining on the international market. Crude oil prices have fallen from $118.18 a barrel to about $46 by close of business on Tuesday.