The pilot project to sell fuel in the local currency has started with a local supplier opening the facility to motorists this Sunday.
The initiative comes just a few days after the government approved a US$15 million facility to pay for fuel imports that will be sold in local currency by service stations.
Motorists who spoke to ZBC News expressed excitement over the latest development and wished for the initiative to be permanent. ZBC News quotes a motorist as saying:
We thank the government for this development because it has been hard getting the forex and then having to buy the fuel. So, this is really a good development.
Another commented:
Most of us are getting salaries in RTGS and this makes it easier for us to get fuel. I am very happy over this development and I hope this will be the case going forward.
Zimbabwe Energy Regulatory Authority (ZERA) chief executive officer Mr Eddington Mazambani revealed during a ZBC Current Affairs programme, Face the Nation, last Tuesday that the supply of fuel in local currency will not disrupt the commodity’s supply chain.
According to the ZERA, 57 fuel station owners and distributors have so far responded with the first tranche of 15 distributors and fuel station owners now working with them and the Reserve Bank of Zimbabwe on modalities to ensure that the facility is a success.
More: ZBC News
What will the RTGS price per litre be? Z$90 : US$1 or Z$200 : US$1 Is it available for cash only or swipe???????
This is not new we’ve been there before trgs fuel will always results in long queues and fuel shortages if they what to implement that move they should sell fuel in both currency using the rbz auction exchange rate
How can you have a pilot project of selling fuel using the legitimate currency of that nation? This is unheard of anywhere on this planet.
It will be another Mthuli Ncube failure.
What we need is fuel in rtgs. What will happen next is another issue but for now we are grateful to that initiative. What we want to know are those filling stations where we can get that fuel in rtgs. Which suppliers are in it.