Fuel Shortages A Result Of Delays In Foreign Currency Allocation: Energy Minister

The government says that fuel shortages being experienced at some service stations in Harare are a result of delays in foreign currency allocations. The Minister of Energy and Power Development Joram Gumbo said that the country had enough fuel stocks and that the situation will soon get back to normal. Speaking to the Herald Gumbo had this to say

Over the past two days, fuel stock-outs have been witnessed at some service stations, particularly in Harare.

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. The country is still constrained in terms of foreign currency, while there are many competing demands on the available foreign currency.

The government notes that the demand for fuel remains high and once again appeals to members of the public to avoid panic buying and hoarding and to use fuel mainly for productive purposes.


More: Herald

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2 comments on “Fuel Shortages A Result Of Delays In Foreign Currency Allocation: Energy Minister

  1. I think that is too brief to point out to the real cause of deficient commodity, the statement does not suffice the question everyone have.

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