Harare, (New Ziana) – Motorists have been granted slight relief at the pump following a fresh adjustment in fuel prices by the Zimbabwe Energy Regulatory Authority, which signaled a modest decline in both petrol and diesel costs.
In the latest review, diesel is now retailing at US$2.09 per litre, while petrol has been set at US$2.08 per litre. The adjustment marks a drop from previous prices of US$2.11 for diesel and US$2.23 for petrol, offering some respite to consumers and businesses grappling with high transport and production costs.
ZERA indicated that the pricing shift is part of broader efforts to stabilize the fuel market, particularly after months characterized by supply uncertainties.
“Government interventions have focused on ensuring consistent availability through responsive pricing models and tax adjustments aimed at easing pressure on consumers,” said ZERA.
The statement also highlighted the role of increased ethanol blending, noting that higher blending ratios, moving from E5 to E20, have contributed to lowering the overall cost of blended fuel. This development is expected to continue influencing pump prices in the coming weeks.
ZERA moved to calm fears of potential shortages, assuring the public that fuel reserves are sufficient to meet national demand for more than three months. Consumers were urged to avoid panic buying or stockpiling, as supply chains remain stable.
ZERA emphasized that it will maintain close surveillance of the fuel market and stands ready to intervene where necessary. The current prices, the authority said, will be reviewed within a two-week cycle in line with prevailing market dynamics.
New Ziana
