Online Reporter
Business Reporter
The Zimbabwe Energy Regulatory Authority (ZERA) has announced a significant hike in the prices of both diesel and petrol blend, attributing the increase to shifts in the international market and the need to ensure adequate supply.
Effective from 4 March 2026, diesel will now retail at US$1, 77 per litre, while petrol blend (E5) will cost US$1, 71 per litre. In the local currency, the prices are set at ZiG 45.55 and ZiG 44.01 per litre, respectively.
The new tariffs represent a sharp rise compared to the previous pricing structure announced in February.
For the period ending 4 March, diesel was capped at US$1.52 per litre and blend at US$1.56 per litre, with local currency equivalents of ZiG 38.84 and ZiG 40.04.
In a statement, ZERA revealed that the actual market-driven costs would have been even higher—US$1, 90 for diesel and US$1, 81 for blend—had the Government not intervened by reducing some of its charges to cushion consumers.
“The above prices are as a result of Government reducing some of its charges to cushion the consumers from astronomical increases that have happened from changes on the international market,” the authority said.
The new prices will remain in effect for the next two weeks.
ZERA has stated that it will continue to monitor market developments closely to safeguard against supply disruptions.
Stakeholders have been reminded that operators may sell below the prescribed maximum prices, depending on their trading advantages. However, they must display prices prominently in line with fuel pricing regulations.
