Fuel Price Shock: ZERA Hikes Diesel and Petrol Prices as Middle East Conflict Bites ​HARARE – Motorists and businesses across Zimbabwe are bracing for a surge in operating costs following a significant upward review of fuel prices by the Zimbabwe Energy Regulatory Authority (ZERA) for March 2026. ​The new price structure, effective immediately, sees Diesel and Petrol (Blend E5) prices jumping to record highs, reflecting the volatile state of the global oil market. ​The New Pricing Breakdown ​According to the latest directive, Diesel (50) has been pegged at a maximum pump price of 52.19 ZWG or US$2.05 per litre. Meanwhile, Petrol (Blend E5) has risen to 55.13 ZWG or US$2.17 per litre. ​These adjustments represent a sharp increase from previous months, pushing the cost of commuting and logistics into a new bracket for most Zimbabweans. ​Why the Sudden Spike? ​According to the official statement from ZERA, the price hike is a direct consequence of "cost pressures" piling up globally. Key factors driving this change include: ​Middle East Conflict: Ongoing tensions in the Middle East have disrupted traditional supply routes, forcing the Government to seek alternative, often more expensive, paths to ensure the country remains wet. ​Logistics & Insurance: With global oil supply chains under strain, the cost of moving fuel from international ports like Beira into Zimbabwe has escalated. ​Government Intervention: Interestingly, ZERA noted that without Government intervention to mitigate the impact on the mining and agriculture sectors, the price of Diesel would have hit US$2.20 per litre. ​Strategic Measures to Ensure Supply ​To combat potential shortages and ensure "security of supply," the Government has announced several deliberate actions: ​Diversified Importation: In a major policy shift, the Government has, with immediate effect, approved the importation of diesel by road, in addition to the existing pipeline and rail systems. ​Three-Month Buffer: Authorities have assured the public that there are enough stocks in the supply chain, starting from Beira and inland storage facilities, to cover more than three months of consumption. ​Reaching Remote Areas: Special focus is being placed on ensuring fuel stations in far-flung areas of the country receive consistent supply through companies like Petrotrade and NOIC. ​Note for Motorists: While these are the maximum capped prices, operators are allowed to sell below these rates. However, they are legally required to display their prices clearly at all service stations. ​What This Means for You ​The ripple effect of this hike is expected to be felt across the entire economy. With Diesel—the backbone of the mining, agriculture, and haulage sectors—now over the US$2.00 mark, consumers should be prepared for potential adjustments in transport fares and the cost of basic goods. ​How is the fuel hike affecting your commute or business? Drop a comment below and let us know your thoughts! ​Stay tuned to howtozim.co.zw for real-time updates on energy, transport, and economic news in Zimbabwe.