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Zimbabwe faces new fuel shortages





Zimbabwe's fuel supplies have dwindled to alarming levels due to a weakening economy and acute foreign currency shortages despite interventionist measures by RBZ.

This comes as some fuel stations are now demanding United States dollars only, saying bond notes and electronic payments are prejudicing them of value due to exchange rate differences and arbitrage.

This has resulted in the growth of the black market where the commodity is being sold a higher prices.  

Meanwhile, the Finance Minister, Patrick Chinamasa, through the ministry's permanent secretary Willard Manungo, last year illegally granted permission to a private mining company toimport 12 million litres of fuel duty-free, it has been established.

This comes as fuel scandal rocking government, in which two private companies imported 312 million litres of diesel duty free, prejudicing the broke Treasury of revenue in unpaid taxes, is deepening.

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Chuka (Webby) Aniemeka
Chuka (Webby) Aniemeka

Chuka is an experienced certified web developer with an extensive background in computer science and 18+ years in web design &development. His previous experience ranges from redesigning existing website to solving complex technical problems with object-oriented programming. Very experienced with Microsoft SQL Server, PHP and advanced JavaScript. He loves to travel and watch movies.

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