‘Authorising The Sale Of Fuel In Forex In Discriminatory’

Captains of industry have slammed the decision by the government to authorise some fuel dealers to sell fuel in foreign currency at selected fuel service stations.

Confederation of Zimbabwe Industries (CZI) immediate-past president Sifelani Jabangwe said allowing some fuel dealers to sell fuel in hard currency is discriminatory. Said Jabangwe:

Yes, Government has allowed those with free funds to import fuel and sell it in forex, but this should be a temporary measure.

- - - Buy NetOne, Telecel Airtime on WhatsApp using EcoCash.
Send the word Airtime to +263 714 815 229
No extra charges. - - -

There should be no segregation in accessing fuel. Those who import using their money want to recoup their expenses and they will continue selling in hard currency.

Jabangwe added that the selling of fuel in foreign currency would lead to redollarisation, which Zimbabwe is not ready to adopt.

Last week Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya said the Central Bank has given the Zimbabwe Energy Regulatory Authority (ZERA) approval to register fuel service stations with free funds for direct imports to be sold in foreign currency.

More: The Herald

Satisfaction survey
How likely is it that you would recommend Pindula News to a friend or colleague?
SuggestionsHow can we improve?
You have already submitted your feedback the vote. If you would like to add more feedback please write us on hello@pindula.com.


Back to top

Write a Comment

Your email address will not be published.