Govt says the country has enough fuel stocks despite foreign currency issues

Energy and Power Development permanent secretary Patson Mbiriri said Treasury and the Reserve Bank of Zimbabwe said that the country has enough fuel stocks despite the challenges faced by oil companies in accessing cash to import the product, dispelling fears of a crippling fuel shortage.

Speaking to NewsDay on the sidelines of a Renewable Energy Policy first draft stakeholders meeting held in Gweru yesterday, Mbiriri said,

We have adequate stocks in the country, but the point is that those stocks are bonded. The instruments that should be taken to release those stocks and have them available are finance matters and once the finance mechanisms are sorted out, it would be a matter of hours or a day before replenishments are undertaken wherever they are needed. That challenge is really a finance issue that is being attended to by Treasury and the central bank.

There have been erratic fuel supplies at some filling stations across the country in recent weeks, forcing some motorists to queue for fuel.

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