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Zimbabwean motorists and businesses are enjoying some much-needed relief as diesel prices continue a steady decline through the first half of 2025. From January to June, diesel prices fell by around 2 percent easing from US$1,53 to US$1,50 per litre offering financial respite to transport operators, small businesses, and everyday consumers.
This downward trend is closely tied to global oil price movements, particularly the notable decline in Brent crude. In January, Brent crude averaged US$78,19 per barrel. By May, it had fallen to US$66,98, and in June, it dipped even further to US$65,00—a cumulative decline of approximately 16,8 percent over six months.
Economist Gladys Shumbambiri-Mutsopotsi attributes the falling fuel prices to shifts in global supply and demand. “The global oil market has been influenced by several factors, including increased production by OPEC+ countries and a slowdown in demand due to global economic uncertainties,” she said. “These dynamics have led to a decrease in Brent crude prices, which, in turn, has positively impacted fuel prices in Zimbabwe.”
For business owners, especially those in the logistics and transport sectors, the price dip is more than just a financial statistic it’s a practical advantage. Lower diesel prices also translate to broader economic benefits. Reduced transportation costs often lead to lower prices for goods and services, helping to ease inflation and improve consumer purchasing power. This can, in turn, stimulate economic activity and growth.
Economist Rudo Moyo, who specialises in energy markets, highlighted the long-term importance of price stability. “Stable fuel prices reduce operational uncertainties, allowing businesses to allocate resources more efficiently,” she explained. “This stability can lead to increased investor confidence and support economic growth in sectors reliant on transportation and logistics.”
For everyday citizens, even a modest price drop can make a difference. “With diesel prices going down slightly, I expect to save a bit more on commuting expenses,” said Kelvin Mombe, a Harare-based accountant. “Every dollar saved on fuel means more disposable income for essentials and other expenses,” he added.
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