Breaking News: Less Fuel Queues As Zimbabwe Discovers Oil
Faced with a cash crisis and the economy on the brink of collapsing, Zimbabwe has discovered oil. This will be a huge relief to motorists as they have been sleeping in their cars in fuel queues.
Zimbabwe will be able to produce its own diesel as President Mnangagwa has said Australian firm, Invictus Energy has confirmed that oil and gas deposits have been found in Mzarabani.
This has caused quite a stir since fuel shortages became prevalent after Minister of Finance Mthuli Ncube introduced the 2% increment to be charged on the value of electronic payments.
The government has blamed fuel shortages on foreign currency shortages which the country has been struggling to acquire.
The country has been witnessing long, winding queues at fuel service stations as there has been increases in the demand of fuel.
We are yet to see if these oil and gas deposits found in Mzarabani will solve the fuel shortage crisis in the country.