Fuel prices ease after Middle East ceasefire

Sikhulekelani Moyo, [email protected]

The Zimbabwe Energy Regulatory Authority (Zera) has announced a slight reduction in fuel prices following a ceasefire in the Middle East, which has helped restore the flow of energy exports from the region.

In its latest update, Zera said blend (E20) is now selling at ZiG52,37 or US$2,08 per litre, while diesel (50) is pegged at ZiG53,63 or US$2,09 per litre.

The new prices mark a marginal decline from the previous review on April 2, 2026, when diesel was priced at US$2,11 per litre and blend at US$2,23 per litre.

“The above petroleum prices are effective immediately. Over the past few months, when volatility in fuel supply began, Government prioritised security of supply through market-sensitive pricing and reduction of taxes to cushion consumers and the economy at large,” said Zera.

“The price of blend has also been reduced by the significant increase in blending levels from E5 to E20.

“Government will continue with this thrust; therefore, various mechanisms to ensure minimal impact on the economy, as well as guaranteeing continuity of supply, will be vigorously pursued.”

Zera advised members of the public not to engage in panic buying or hoarding, assuring the nation that fuel stocks are adequate to cover more than three months.

“On its part, the Zimbabwe Energy Regulatory Authority will closely monitor the situation and take the necessary steps during the two-week period in which the prices are effective.”