The Reserve Bank of Zimbabwe Governor Dr John Mangudya has
assured all fuel companies that a sustainable foreign currency facility has
been put in place to ensure that petrol and diesel will be readily available at
all service stations.
The radical reforms introduced by the new dispensation
under the austerity for prosperity mantra are paying dividends, with President
Emmerson Mnangagwa’s latest intervention in the fuel sector being a case in
point.
Dr Mangudya revealed that the panic induced fuel drought
has gone and almost all fuel stations are now wet and the fuel import bill
which had ballooned to about US$125 million within a short space of time has
finally normalised to US$80 million per month.
A survey by ZBC News confirmed that long and winding fuel
queues seen around the country over the past few weeks have disappeared.
The RBZ told ZBC News that the decision by government to
increase fuel prices has gone a long way to bring sanity as demand for fuel is
now for productive purposes rather than panic or hoarding tendencies.
The apex bank assured the fuel companies that a forex
facility to secure about 1.2 billion litres of fuel for the whole year has now
been ring-fenced following President Mnangagwa’s intervention to bring back
sanity in the fuel sector.
zbc
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