CRISIS: No Forex For Fuel Ahead Of Festive Season
19 December 2019
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Jane Mlambo| Government is yet to secure foreign currency to purchase enough fuel ahead of the busy festive season, deputy minister of energy and power development has said.

Responding to questions from legislators in parliament yesterday, Deputy minister Honourable Murambiwa said the country had bonded fuel which requires foreign Currency to procure.

He said that are hoping RBZ will issue letters of credit to fuel suppliers so that the country can have enough for the holiday.

“We do have enough fuel at our depots in Mabvuku and Masasa but it is bonded.  This means that we need to pay before we can withdraw that fuel.  We are discussing with RBZ who issue letters of credit to fuel traders so that they access the fuel.  I can assure the nation that we do have enough fuel at our depots save for the lines of credit. If the process is expedited then the fuel can be available.  We are doing everything within our means to make sure that we have enough fuel for our motorists during the holiday,” said Murambiwa.

Speaking to ZimEye early this week, energy minister Fortune Chasi said they were working on improving supply during the festive season which is usually marked by high demand as people travel a lot.