There's No Fuel Crisis: Mangudya

In an interview with The Chronicle from China where he is on State business, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said queues that characterised fuel service stations in most parts of the country yesterday could have been a result of logistical challenges.

He said there is no fuel crisis since RBZ allocated enough foreign currency to suppliers. Said Mangudya:

There cannot be a crisis because we allocated enough fuel for the week. Since I am not around I can only assume that suppliers may have had logistical challenges collecting fuel from Msasa Depot (in Harare) for them to distribute countrywide.

Mangudya said RBZ allocates $20 million foreign currency per week on Mondays or Tuesdays. Government doubled foreign currency allocation to fuel suppliers from $10 million to $20 million per week in May this year to ensure constant fuel supplies. A survey by The Chronicle showed that only diesel was available at some outlets while black market dealers had hiked prices taking advantage of the situation.

More: Chronicle