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Fuel Prices Edge Up as Global Tensions Bite

Fuel prices have increased again, with diesel rising from US$2.05 to US$2.11 per litre and petrol going up from US$2.17 to US$2.23 per litre, according to the latest review by the Zimbabwe Energy Regulatory Authority.

 

The new prices took effect on April 2, 2026.

 

This comes as the Government has announced the temporary removal of all taxes on diesel, effective April 3, 2026, in a bid to cushion consumers and key sectors from rising global fuel costs.

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In a statement, authorities said the move is meant to ease pressure on industries such as transport, agriculture, mining, and manufacturing, which rely heavily on diesel.

 

The suspended charges include excise duty, the ZINARA levy, carbon tax, and the strategic reserve levy, which together amount to about US$0.54 per litre.

 

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Officials noted that without this intervention, diesel prices could have climbed to around US$2.65 per litre.

 

Despite the relief measures, fuel prices continue to face upward pressure due to increases in the global market, particularly linked to geopolitical tensions in the Middle East.

 

Petrol prices remain unaffected by the tax suspension and continue to reflect international cost movements.

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Authorities say Zimbabwe still has adequate fuel supplies and is exploring alternative import routes to ensure stability in the market.

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