Government-owned oil company, Petrotrade declared a $1.56 million dividend at the end of its 2018 financial year after managing to improve its profitability during the period, the company said on Thur...
Gift Phiri sits down for a wide-ranging interview with Glow Petroleum Trading (Private) Limited managing director Aaron Chinhara about his journey in the fuel retail, mining and commodity broking busi...
THE price of fuel has gone up, but the supply of the resource remained subdued yesterday as most service stations were without both petrol and diesel.Chaos has become the order of the day at fuel stat...
State petroleum company, Petrotrade has - for the third year running declared a dividend to Government after registering an after tax profit of $3,75 million for the year ended December 2017. Speaking...
Petrol prices are marginally increasing at some pump stations after holding steady for the better part of the month.Observers fear the increases, blamed on bottlenecks in the supply chain, could have ...
THE Competition and Tariffs Commission (CTC) has launched a probe into the acquisition of PetroZim's 50% stake by the National Oil infrastructure Company of Zimbabwe (Noic), NewsDay reported.In an int...
New York Stock Exchange-listed lubricant firm Valvoline has become the latest show of growing confidence by international firms with revelations that it intends to establish a mega-million lubricant p...
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. E...
A MAJOR shareholder in Chaparrel Trading, a petroleum retail company operating the Trek Petroleum brand, has challenged government's takeover of the company in the High Court, alleging the transaction...
State owned petroleum products firm, Petrotrade has vowed that it will not "fail the same way other government entities do" after announcing a 64 percent jump in net profit to $1.2 million for the yea...
New diesel and petrol cars and vans will be banned in the UK from 2040 in a bid to tackle air pollution, the government is set to announce.Ministers will also unveil a £255m fund to help councils tac...
Zuva Petroleum owned by businessman and FBC Holdings group chief executive officer John Mushayavanhu has begun scouting for potential partners to operate its service stations in Bulawayo.Mushayavanhu ...
THE purchase of Zuva Petroleum assets by a company owned by John Mushayavanhu has torched off controversy over allegations the banker could be fronting for a British-based commodities firm, Glencore H...
Businessman and FBC Holdings group chief executive officer John Mushayavanhu has successfully purchased Zuva Petroleum - former BP & Shell assets - from Masawara. This was after regulatory authori...
Zimbabwe is working on introducing mandatory blending of petrol to the levels of E20 (a mixture of 80% petrol and 20% anhydrous ethanol), President Robert Mugabe has said.Speaking at the official ope...
Zimbabwe's petrol price may decrease by around 3c following the introduction of the E5 mandatory blending, Zimbabwe Energy Regulatory Authority has said. The country's petrol price is currently rangi...
The Zimbabwe Energy Regulatory Authority (ZERA) has given fuel dealers two months to comply with 5% mandatory blending following the licensing of the $600 million Chisumbanje ethanol plant under Green...
The Zimbabwean government has, with immediate effect, introduced mandatory blending of anhydrous ethanol and unleaded petrol at the level of 5% ethanol and 95% unleaded petrol (known as E5).Appropriat...
Fuel prices in Harare and surrounding areas have remained unchanged with petrol still selling at an average of US$1,51 per litre while diesel is going for about $1,35 per litre contrary to media repor...
Zimbabwe's fuel prices increased marginally over the weekend by an average of $0,04 after going down by at least $0,10 in May.Petrol's price, which had increased to as much as $1,60 per litre, follow...
Zimbabwe's fuel prices have gone down by an average 8c after surging at least 10c following the hike of excise duty on the commodity. Petrol price which had increased to as much as $1,60 per litre h...