Gumbo Allays Fears Of Fuel Shortages
25 November 2018
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By Own Correspondent| Energy Minister Joram Gumbo has allayed fears of fuel shortages saying that the country has enough fuel for the next eighteen months.

Gumbo said the fuel shortages experienced from time to time are a result of failure by the Reserve Bank of Zimbabwe (RBZ) to avail foreign currency on time.

Said Gumbo in a statement:

“The contingency plan that we have put in place to augment or to complement what Government has put in place through RBZ with regards to the allocation of foreign currency, we have also been able to negotiate some facilities through IPG and Trafigura to provide us with some facilities that will actually see us getting through 18 months, which is about one-and-a-half years to supplement what Government does.

The stock-outs emanate from delays in foreign currency allocation. When foreign currency is eventually released, it takes some time to arrange the transport logistics to deliver fuel to the affected service stations.”