Zimbabwe Raises Fuel Prices as Diesel Hits US$2.05, Petrol US$2.17
Fuel prices in Zimbabwe have gone up significantly, with diesel now retailing at US$2.05 per litre and petrol (E5 blend) reaching US$2.17 per litre following a new review by the Zimbabwe Energy Regulatory Authority (ZERA).
In local currency, diesel is now priced at ZWG 52.19 per litre, while petrol stands at ZWG 55.13. The latest adjustments mark a notable increase from the previous prices of US$1.77 for diesel and US$1.73 for petrol, reflecting growing pressure on fuel costs.
Government Cites Global Cost Pressures
In a statement, ZERA stated that the upward adjustment is part of ongoing efforts to respond to rising global fuel costs while ensuring the country maintains a steady supply.
ZERA indicated that regular price reviews, conducted every two weeks, have become necessary to prevent fuel shortages and curb arbitrage in the market. Officials warned that failure to adjust prices in line with global trends could result in supply disruptions.
Fuel Stocks Said to Be Stable
Despite the increase, the government has assured the public that fuel availability remains stable. Current reserves in the supply chain—from Beira through inland storage facilities—are said to be sufficient to cover more than three months.
Officials also noted that engagements with international oil traders are ongoing to secure alternative supply routes, particularly those not affected by conflicts in the Middle East.
Measures to Strengthen Supply Nationwide
To improve distribution, especially in remote areas, the government is working to ensure fuel reaches all service stations across the country. State-linked entities such as Petrotrade and National Oil Infrastructure Company (NOIC) are expected to play a central role in expanding access.
In addition, authorities have approved the immediate importation of diesel by road, complementing existing pipeline and rail transport systems. The move is aimed at diversifying supply channels and strengthening availability nationwide.
Efforts to Cushion Key Sectors
The government said the diesel pricing structure has been carefully set to limit the impact on critical sectors such as mining, agriculture, transport, and logistics.
ZERA noted that without intervention, diesel prices could have climbed even higher to around US$2.20 per litre. The current pricing, officials say, is part of broader efforts to balance affordability with supply security.
Balancing Stability and Affordability
ZERA reaffirmed its commitment to maintaining a sustainable energy sector, highlighting the challenge of balancing rising global costs with the need to keep fuel accessible.
With continued monitoring and periodic reviews expected, fuel prices are likely to remain responsive to both international market trends and domestic supply considerations.
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