Fuel Prices Drop Below Two Dollars Per Litre

The Zimbabwe Energy Regulatory Authority reduced fuel prices to below US$2 per litre this week. Diesel now retails at US$1.99, down from US$2.09, while petrol is priced at US$1.98, a decrease from US$2.08. The regulator attributed the adjustment to the reopening of the Strait of Hormuz and improved stability in global crude oil markets. Despite the reduction, critics argue that the prices remain high compared to other countries in the region. The government faces ongoing pressure to implement further measures to lower the cost of living for citizens.