The Minister of Energy and Power Development, Joram Gumbo, revealed that he was authorised by President Emmerson Mnangagwa to release fuel from strategic reserves during last month’s Easter holidays and the Zimbabwe International Trade Fair (ZITF).
The fuel has since been exhausted resulting in the re-emergence of long and winding fuel queues across the country.
Gumbo added that when it comes to the availability of fuel on the market, the best people to talk to are RBZ governor John Mangudya. Said Gumbo:
I did explain that there was a huge improvement during the ZITF and Easter because I requested his Excellency (Mnangagwa) to allow me to release what we call ‘strategic fuel’ which is kept by the government and that is what I asked his Excellency.
He allowed me and I released that into the market hoping that this would assist (Reserve Bank of Zimbabwe governor John) Mangudya.
Industry must provide the forex so that they (Reserve Bank of Zimbabwe) can dish it out (to import fuel).
I had released 20 million litres of fuel last time, 12 million litres of diesel and eight million litres of petrol, into the market from the strategic reserves of government. So you talk to Mangudya about the matter.
Joram Macdonald Gumbo is a Zimbabwean politician who is a member of the ZANU-PF party. Gumbo is the Minister of Energy and Power Development. He is the Member of parliament for Mberengwa West Constituency. Gumbo was re-elected in the 2018 harmonized election after getting 10... Read More About Joram Gumbo
John Panonetsa Mangudya is an economist and the current Reserve Bank of Zimbabwe governor. Mangudya, who sits on many local and international boards .He was made RBZ governor after the expiry of Gideon Gono's term in 2014. He had been CBZ Holdings Ltd Chief Executive... Read More About John Mangudya