Government assures three months of fuel despite price hike

Fuel prices just spiked overnight in Zimbabwe, but the government insists a three-month supply cushion keeps actual shortages off the table.

ZERA hikes petrol and diesel prices

• Diesel jumped to US$1.77 per litre from US$1.52, and petrol climbed to US$1.71 from US$1.56, effective 4 March 2026.
• ZERA pinned the increases on Middle East tensions, driving global oil costs higher.
• Prices could have hit US$1.90 per litre without a government subsidy absorbing part of the blow.
• New rates hold for two weeks while ZERA keeps tabs on market shifts.

Three months of fuel stocks confirmed

• Acting Energy Minister Dr Zhemu Soda told the National Assembly that storage facilities are fully stocked.
• His detailed parliamentary report confirmed enough reserves to cover national demand for three months.
• Supply contracts with regional partners remain locked in and operational.
• Soda acknowledged that global supply-chain disruptions could still mess with pump prices regardless.