Motorists and businesses across Zimbabwe woke up to much-needed relief yesterday as the Zimbabwe Energy Regulatory Authority (ZERA) slashed fuel prices, pushing both diesel and blended petrol below the USD2-per-litre mark for the first time in months.
In a notice issued Friday night, ZERA announced that diesel 50 will now retail at USD1.99 per litre, down from USD2.09, while Blend E20 petrol drops to USD1.98 per litre, from USD2.08, a straight 10-cent cut on both fuels, representing a decline of approximately 4.8 percent.
The new prices took effect from 19 June 2026 and will run for a two-week period.
The reduction comes as global oil prices retreat following the easing of hostilities in the Middle East and the reopening of the Strait of Hormuz, a critical shipping route through which about a fifth of the world’s oil supplies pass.
The disruptions had earlier pushed Brent crude above USD100 per barrel, driving Zimbabwe’s fuel prices to a peak of about USD2.23 per litre for petrol and placing immense pressure on households and businesses.
“Government interventions continue to cushion consumers from the impact of global geopolitical developments,” ZERA said in its statement.
The price drop is expected to ease pressure on transport costs, which feed directly into the price of basic goods.
Commuter omnibus operators and haulage firms have in recent months cited fuel as a key driver of fare and freight hikes.
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ZERA advised that the blending ratio remains at E20.
“Operators may sell petroleum products below the prescribed prices depending on their trading advantages and must display prices prominently as required by fuel pricing regulations,” said ZERA.
Energy and Power Development Minister July Moyo confirmed the Government was actively reviewing pump prices in line with favourable developments on the international market.
“You will see that this week, we are now below USD 2 and we think the reviews that we are doing will lead us to where we need to go,” he said.
