ZERA Increases Petrol & Diesel Prices
ZERA Increases Petrol & Diesel Prices – The Zimbabwe Energy Regulatory Authority (ZERA) has announced an upward review of fuel prices, with the new prices taking effect from 24 July 2026 for a period of two weeks.
According to the latest price schedule, diesel will now retail at US$1.95 per litre, up from US$1.87, while petrol has increased to US$1.96 per litre from US$1.93.
The latest adjustment comes after fuel prices had declined over recent weeks. In early June, diesel was selling at US$2.09 per litre, while petrol cost US$2.08 per litre, before both prices eased to US$1.99 and US$1.98 per litre, respectively.
In a statement, ZERA said:
“The petroleum prices are effective from 24 July 2026 for a period of two weeks. Government interventions continue to cushion consumers from the impact of global geopolitical developments.”
The regulator also reminded fuel retailers of the applicable blending ratio and pricing regulations.
“The public and operators are advised that the blending ratio is at E20. Operators may sell the petroleum products below the prescribed prices depending on their trading advantages and should display prices in a prominent place as provided for by the fuel pricing regulations.”
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The latest increase comes amid renewed volatility in global oil markets, driven by escalating geopolitical tensions in the Middle East. Brent crude oil prices recently climbed above US$100 per barrel after trading at around US$71 per barrel earlier in July.
The surge has been attributed to heightened tensions involving the United States and Iran, including the reimposition of a naval blockade on Iran, the closure of the Strait of Hormuz, and continued US military strikes inside Iran. These developments have raised concerns over potential disruptions to one of the world’s most important oil shipping routes.
Additional uncertainty has emerged following threats by Houthi forces in Yemen to target vessels transporting Saudi oil through the Bab el-Mandeb Strait, further increasing risks to global energy supplies.
