Reserve Bank of Zimbabwe governor John Mangudya on Thursday told Parliament that blending of ethanol with fuel has been saving the country millions of dollars.
Mangudya appeared before the Joel Gabbuza-led Parliamentary Portfolio Committee on Energy, together with Energy minister Joram Gumbo, to speak on the fuel situation in the country. Legislators asked him to explain if there was enough ethanol in the country to supplement fuel imports. Said Mangudya::
Our fuel consumption patterns have been such that if we were to consume 50 million litres of fuel, we would mix it with ethanol and, therefore, make savings of about $10 million because we have 20% ethanol going into fuel.