Zimbabwe Has Enough Fuel For The Next 18 Months – Joram Gumbo

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The Minister of Energy Joram Gumbo has said that the country has enough fuel for the next eighteen months. He said the fuel shortages experienced from time to tome are a result of failure by the Reserve Bank of Zimbabwe (RBZ to avail foreign currency on time. In a statement Gumbo said;

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.

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