ZERA Proposes That Some Service Stations Sell Fuel In US Dollars

There are calls by some players in the fuel industry for the government to allow them to seel the precious liquid in foreign currency. The calls come even though the Reserve Bank Of Zimbabwe availing forex to the fuel industry while allowing them to sell in currency.

Zimbabwe Energy Regulatory Authority (ZERA) acting CEO Eddington Mazambani said

There has been a proposal that some fuel service stations should sell it in forex, and one of the major players in the oil industry, Zuva, has already piloted the project at two service stations (Zuva Victoria Falls and Zuva Groombridge.

We have already sent a proposal to the Ministry of Energy to consider more players to sell fuel in foreign currency so that we ease the pressure on the Reserve Bank of Zimbabwe (RBZ) in terms of allocating foreign currency for the procurement of fuel.


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More: Standard

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