The Zimbabwe Energy Regulatory Authority (ZERA) has reduced diesel and petrol prices both in United States dollars (USD) and in Zimbabwean dollars on 5 November 2023. The USD Diesel and petrol prices were reduced by $0.05/litre and $0.09/litre respectively. ZERA said the new prices are as follows:

The prices for November 2023 are based on M-1 which refers to refer to the cost of importing fuel into Zimbabwe. The M-1 price is determined by various factors, including international crude oil prices, transportation costs, port charges, insurance costs, and taxes. The M-1 price is used as a basis for setting the local pump prices of petrol and diesel in Zimbabwe. The M-1 price is subject to change depending on the fluctuations in the global oil market and other factors that affect the cost of importing fuel.

ZERA said the price will remain effective until 4 December 2023. ZERA has advised the public and operators that the blending ratio is at E20. Operators are allowed to sell petroleum products below the prescribed prices depending on their trading advantages and should display prices in a prominent place as stipulated by the fuel pricing regulations.

Below is a table showing the Diesel and Blend prices for the last 5 months. The prices are both USD and Rtgs :