Relief: As Fuel Crisis Abates


Long fuel queues which had become a common scene across the country in the past month,  have slowly  disappeared, as the fuel crisis abates.

Fuel supply has gone back to normalcy after the country had been suffering from intermittent fuel supplies which where stimulated by the monetary reforms by Finance Minister Mthuli Ncube.

A survey around Harare has showed that the long fuel queues have disappeared after the government provided foreign currency for the buying of fuel.

On October 1, Minister of Finance Mthuli Ncube announced two reforms which caused a hyper inflationary environment which caused a wide rift in the parallel market which led to the surrogate currency (Bond notes) losing their value.

One of the measures was the 2% tax increment to be charged on the value of electronic payments and secondly  the divisions of bank accounts into two separate accounts for nostro foreign currency (USD) account and Bond Notes account, Real Time Gross Settlement (Rtgs)

The erratic supplies of fuel in the country where further exacerbated by the scarcity of foreign currency in the country to buy fuel, fuel hoarding by the black market and panic buying by Zimbabweans.

Confederation of Zimbabwe Industries (CZI) president Mr Sifelani Jabangwe stated that the consumption  of fuel had passed the normal threshold in the country,  which caused an increase in foreign currency allocations for imports.

“There has been an increase in the consumption of fuel. We now need to increase our budget on fuel but it’s going to put pressure on the demand for foreign currency”.

“Fuel demands more foreign currency than any other commodity and that is my biggest worry. We will require an increase in exports to overcome that (foreign currency shortages),” said Mr Jabangwe.

The Increase in consumption of fuel was countered by the Reserve Bank Of Zimbabwe by injecting more foreign currency for the procurement of Fuel. According to information given by the Reserve Bank of Zimbabwe (RBZ) foreign currency allocated for fuel purchase was 132,9 million a week, which has leaped to 164,2 million.

Minister of Energy and Power Development, Dr Joram Gumbo alluded that the increase in the demand of fuel was as a result of the ”Zimbabwe is open for business mantra,” which has spanned business activity in the country. The statement by the minister only seems to  be pro government which is  only to give an impression the government is on the right trajectory.

Zimbabweans who are famous for adapting in situations had already made measures to get by the fuel shortages as Whatsapp groups had been created to alert desperate motorists on service stations with fuel right across the city.

  1. Randsen says

    Priligy Est De Preference Bon viagra generico necesita receta Ersatz Viagra Viagra Online Blue Online Parmacy

  2. FranNeile says

    Dapoxetina Alternativa generic cialis from india Opinion Cialis Generico Levitra Spedizione Rapida Amoxicillin Topical

  3. FranNeile says

    Orlistat 60 Mg Canada viagra sur ebay Generic Hydrochlorothiazide Saturday Delivery Buying Ventolin In Italy Viagra Achat Pfizer

  4. FranNeile says

    For sale isotretinoin Cialis Y Migrana cialis price Generic Macrobid Macrodantin Where To Purchase No Doctors Consult Comprar Viagra Paypal Achat Du Levitra En Belgique

  5. Randsen says

    Viagra Et Mal Des Montagnes Acheter Effederm En Ligne A L’Unit Wellbutrin 150 Count Canada 30days online pharmacy Comprar Viagra Espana Farmacia Online Sildenafil Citrate 100mg In Usa Finpecia 1 Mg For Sale

  6. FranNeile says

    Cephalexin Hydrochloride canadian pharmacy cialis Generic Tab Bentyl Purchase Internet Online Free Doctor Consultation Priligy Precio En Ecuador Gel Buy Kamagra

  7. FranNeile says

    Buy Tadalis Sx Now Propecia For Less Discount Real Provera Saturday Delivery Overseas cialis Photo Of Amoxicillin Purchasing Predisone By Mail Alimentation Et Baclofen

  8. Randsen says

    Attivo no prescription needed for levitra Where To Purchase Cheapeast Free Shipping Amoxicilina Tab Usa Propecia Farmacodinamia Antibioticss For Uti Keflex

  9. FranNeile says

    Order Kamagra Online Australia cialis viagra en france Amoxicillin For Diverticulosis Levitra Sublinguale Prezzo Cephalexin Not Tabs

  10. Randsen says

    Story Comparison Viagra Generic Dutasteride Avodart For Sale Quick Shipping New Orleans levitra consult Amoxicillin First Trimester Safe Amoxicillin And Muscle Aches Viagra On Line Senza Ricetta

  11. FranNeile says

    Viagra Cincinnati Amoxicillin Clavulanate Potassium Side Effects cialis 40 mg Cialis Mezza Pastiglia Buy Miodar How To Get Cialis

  12. oprol evorter says

    We are a group of volunteers and starting a new scheme in our community. Your website provided us with valuable information to work on. You have done a formidable job and our whole community will be grateful to you.

  13. Harlan says

    Thanks I needed this

  14. ปั้มไลค์ says

    Like!! I blog frequently and I really thank you for your content. The article has truly peaked my interest.

  15. page says

    I simply want to tell you that I am just beginner to blogging and site-building and absolutely loved you’re web site. Probably I’m planning to bookmark your website . You actually have good posts. Appreciate it for sharing your blog site.

  16. John Deere Service Manuals says

    I truly appreciate this post. I?ve been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thanks again

  17. John Deere Service Manuals says

    Just a smiling visitant here to share the love (:, btw great style and design .

Leave A Reply

Your email address will not be published.