Zimbabwe defends high fuel prices

The Zimbabwean government has defended high fuel prices obtaining in the country despite a significant decline in international oil prices by more than 70 percent in the last few months.

Energy minister Samuel Undenge last week said the country uses a unique pricing model that is different from other countries and does not react quickly to fluctuations in global oil prices.

Fuel prices in the country are set through a fuel pricing model agreed to between the Energy ministry, Zimbabwe Energy Regulatory Authority and oil companies.