The Zimbabwe Energy Regulatory Authority (ZERA) has declared new fuel prices for March, with diesel now costing ZWG 52.19 per litre and petrol blend (E5) at ZWG 55.13 per litre. When converted to USD, diesel is priced at $2.05 per litre and petrol at $2.17. This adjustment comes amid rising cost pressures as the government navigates the complexities of fuel pricing within a volatile global market.

Officials from the government have emphasized that despite the rising prices, fuel availability in Zimbabwe remains secure. The government has reassured stakeholders that the country has adequate reserves, with more than three months' supply coverage currently available. This assurance comes as part of efforts to maintain stability in the fuel sector, crucial for various economic activities in Zimbabwe.

Furthermore, authorities have highlighted their proactive measures to mitigate the impact of global disruptions, particularly concerning the ongoing geopolitical tensions in the Middle East. By collaborating with oil traders and exploring alternative supply routes, the government aims to ensure that Zimbabwe is insulated from potential supply chain issues that could arise from external conflicts, thereby maintaining a steady supply for its citizens.