Zimbabwe Announces Second Fuel Price Hike

Zimbabwe has implemented a second increase in petrol and diesel prices in recent weeks as continued conflict in the Middle East exerts pressure on global oil markets.

The Zimbabwe Energy Regulatory Authority (ZERA) announced Wednesday that blended petrol now costs $2.17 per liter, up from $1.71 on March 4, while diesel has risen to $2.05 per liter, compared with $1.77 previously.

“The government is taking deliberate actions to ensure that fuel brought into the country is accessed by all fuel stations, especially those in the far-flung areas of the country,” ZERA stated. Authorities emphasised efforts to keep diesel prices below what market conditions might dictate, in order to mitigate impacts on key sectors including mining, agriculture, haulage services, and passenger transport.

ZERA also reassured the public that petroleum stocks remain sufficient, with more than three months of supply currently available. “Working with oil traders, the government is opening up supply routes not affected by the current conflict in the Middle East,” the regulator added.

The latest adjustments reflect Zimbabwe’s broader strategy to balance global market pressures with domestic economic stability, ensuring critical industries and consumers continue to have access to fuel despite rising international prices.