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Govt Hikes Strategic Reserve Levy On Diesel And Petrol

The
increase
in
the
Strategic
Reserve
Levy
(SRL)
for
both
diesel
and
petrol
took
effect
on
2
June
2026.

The
SRL
on
diesel
has
been
raised
to
US$0.12
per
litre
from
US$0.05,
a
140%
increase.
The
levy
on
petrol
has
been
increased
to
US$0.523
per
litre
from
US$0.413.

On
Wednesday,
diesel
was
retailing
at
US$2.09
per
litre
and
petrol
at
US$2.08
per
litre.

George
Guvamatanga,
Secretary
for
the
Ministry
of
Finance,
Economic
Development
and
Investment
Promotion,
instructed
the
Zimbabwe
Revenue
Authority
(ZIMRA)
to
implement
the
revised
levy
structure
immediately.

โ€œTreasury
has
approved
the
review
of
the
Strategic
Reserve
Levy
(SRL)
on
fuel
in
line
with
the
approved
retail
prices,โ€
Guvamatanga
said.

โ€œYour
office
is
kindly
requested
to
urgently
facilitate
drafting
of
the
necessary
Statutory
Instrument
to
give
effect
to
the
above
measure,
which
takes
effect
from
02
June
2026.
The
Zimbabwe
Revenue
Authority
is
also
authorised
to
implement
the
above,
pending
publication
of
the
legal
instrument.โ€