Zimbabwean households and businesses are facing growing pressure after Finance Minister Mthuli Ncube warned citizens to cut unnecessary travel as soaring global oil prices continue to hit the local economy. ()
Speaking from the 2026 World Bank and IMF Spring Meetings, Ncube said motorists may need to park their cars where possible and rationalise fuel use as the Middle East crisis fuels international market volatility. ()
The pressure at the pump has intensified, with petrol now at US$2.23 per litre and diesel at US$2.11, even after government removed diesel taxes to cushion consumers. ()
The minister warned that the country remains heavily exposed to international oil price shocks, making lifestyle adjustments necessary for both households and businesses.
Many Zimbabweans now fear the fuel hikes will trigger a domino effect on transport fares, food prices, and the overall cost of living.
Despite the rising anxiety, Ncube said government is still maintaining its 5 percent economic growth target for 2026, with hopes that inflation will remain manageable. ()
For ordinary commuters and motorists, however, the immediate concern remains surviving the short-term impact of a deepening energy crisis
