Fuel Prices Zimbabwe

From energypedia

Part of: GIZ International Fuel Price database
Also see: Zimbabwe Energy Situation

Fuel Pricing Policies

Local Currency: USD
Exchange Rate:

Last Update:

The Ministry of Energy and Power Development includes a Petroleum Department, which supervises the downstream sector of liquid fuels. The downstream sector is partially privatized and liberalized in Zimbabwe. The state owned „National Oil Company of Zimbabwe“ (NOCZIM) has a quasi-monopolistic position (→A2).

The ministries website gives only general information about the sector. There were plans in 2010 to separate NOCZIM into two companies. The NOCZIM website appears to be offline.

Since 2008, fuel prices are given in US$, as the local currency (Zimbabwe Dollar) faces immense inflations.

The National Procurement Committee (NPC) is responsible for fuel imports and publishes recommended pump prices (→A3). However, an internet website of NPC could not be found.

According to several internet articles, Zimbabwe faced fuel shortages in early 2011, due to fiscal problems with NOCZIM.

Fuel Prices and Trends

Gasoline 95 Octane Diesel
in USD*

* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil

New currencies installed in 2006, 2008 and 2009 due to immense inflation! US$ is used for fuels since 2008.

Fuel Price Composition

Price composition.

An internet article (→Annex A2) states, that, as of July 2009, the following taxes and duties are imposed on fuels:

  • Excise Tax/VAT (60%)
  • Zinara road levies
  • Noczim debt redemption levy
  • Carbon tax
  • NOCZIM strategic reserves tax

No official information could be found.

At a Glance

Transparency of
Price Composition
Transparency of Pricing
Mechanism / Monitoring
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Only general, but no detailed information could be found online.

Sources to the Public

Type of Information Web-Link / Source
Other Information http://www.noczim.co.zw/ (Offline as of April 2011)
Other Information http://www.energy.gov.zw/index.php?option=com_content&view=article&id=46&Itemid=53
Other Information http://www.energy.gov.zw/index.php?option=com_content&view=article&id=96&Itemid=132


Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de