The recent escalation of conflict in Iran has contributed to a modest increase in fuel prices in Zimbabwe, as global oil markets respond to supply uncertainties.
The Zimbabwe Energy Regulatory Authority (ZERA) has announced new petroleum prices effective from 4 March 2026, reflecting the impact of international market fluctuations linked to the Middle East tensions.
The Iranian situation has disrupted oil shipments through the Strait of Hormuz, a vital maritime chokepoint that carries about 20–30% of the world’s oil supply. This disruption has pushed global oil prices higher, with Brent crude climbing above $83 per barrel.
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In response, ZERA has adjusted fuel prices for the next two weeks. The new rates are,Diesel (50): 1.77 US dollars per litre (ZWL 45.55 per litre),Blend (E5): 1.71 US dollars per litre (ZWL 44.01 per litre).
The government has reduced some of its charges to cushion consumers from the astronomical price increases that would have resulted from the international market changes. Without this cushioning, diesel would have been priced at US$1.90 per litre and blend at US$1.81 per litre.
The Zimbabwean government has assured the nation that it holds sufficient fuel reserves to meet demand for the next three months and is monitoring market developments to ensure adequate supply. ZERA advises stakeholders to verify price releases on its official website, Facebook page, and X (formerly Twitter) account.
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