By The Wasu Post Writer
The Zimbabwe Energy Regulatory Authority (ZERA) has announced petroleum prices for March 2026, setting diesel at US$2.05 per litre and petrol blend (E5) at US$2.17 per litre.
In local currency, diesel will retail at ZWG52.19 per litre, while petrol blend (E5) is pegged at ZWG55.13 per litre.
Authorities say the country has adequate fuel reserves, with more than three months’ supply available across the supply chain.
“The Government…notifies stakeholders that there are enough stocks of petroleum products…with more than three months’ supply cover,” ZERA said.
Government is also moving to safeguard supply by opening alternative fuel routes in response to global disruptions.
“Working with oil traders, the Government is opening up supply routes not affected by the current conflict in the Middle East,” the authority said.
However, rising costs in the sector are beginning to weigh heavily, prompting closer monitoring of prices.
“Cost pressures are piling up and these require that prices be reviewed for two weeks to avoid fuel shortages and arbitrage,” ZERA noted.
Authorities added that efforts are underway to ensure fuel reaches all parts of the country, particularly remote areas, with state-linked companies expected to support distribution.
“Government is taking deliberate actions to ensure that fuel…is accessed by all fuel stations, especially those in the far-flung areas,” the statement read.
The pricing structure, particularly for diesel, is meant to shield key sectors of the economy from steep increases.
“The new price of diesel has been set with a view to mitigate the impact…to the mining, agriculture, haulage services and passenger transport sectors,” ZERA said.
Officials revealed that without government intervention, diesel prices could have risen further.
“Without Government intervention, the price of diesel would have been US$2.20 per litre,” the authority added.
Meanwhile, government has introduced a new policy allowing diesel imports by road to strengthen supply channels.
“Government has…approved the importation of diesel by road, in addition to pipeline and rail,” ZERA said.
The measures come as authorities seek to balance stable supply with rising global and operational costs in the fuel sector.