BUSINESS NEWS

No more need to queue for fuel

LOCAL company ezFuelapp.com has launched its first patent registered mobile application which enables Zimbabweans to purchase fuel online.  The mobile application is now available for download on...

By Staff reporter | Published: 22 October 2019

BUSINESS NEWS

Fuel prices remain unchanged

THE Zimbabwe Energy Regulatory Authority (Zera) said on Saturday that the country's fuel prices remain unchanged for this week, much to the relief of motorists used to weekly price increases. This i...

By Staff reporter | Published: 22 October 2019

TELECOMS & TECHNOLOGY

Govt to unveil electronic fuel monitoring

The government is fast pushing for the introduction of electronic monitoring devices for the petroleum industry as part of measures to reduce arbitrage opportunities in the fuel sector, Energy and Pow...

By Staff reporter | Published: 11 October 2019

BUSINESS NEWS

Business decries fuel price hikes

THE Zimbabwe National Chamber of Commerce (ZNCC) has expressed concern over continuous fuel price increases saying the trend was negatively impacting on production due to rising cost of goods and serv...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Empty fuel tanker explodes in Sakubva

WORKERS and clients at Sakubva's Green-market home industrial park were lucky to escape unhurt after an empty fuel tanker exploded on Sunday afternoon. The tanker was being welded in a backyard indust...

By Staff reporter | Published: 05 October 2019

BUSINESS NEWS

Zimbabweans face another fuel price hike

FINANCE minister Mthuli Ncube says government is set to increase the prices of electricity and fuel because the current pricing structure was no longer sustainable.Zimbabwe is currently battling a sev...

By Staff reporter | Published: 11 July 2019

INDUSTRIALS & ENERGY

Currency reforms expected to stabilise fuel sector

THE re-introduction of the Zimbabwean dollar is expected to bring stability to the fuel sector as Government tightens fiscal and monetary policies to ease pressure on foreign currency demand, National...

By Staff reporter | Published: 09 July 2019

BUSINESS NEWS

Govt mulls tracking system to plug fuel leakages

GOVERNMENT has started implementation of a tracking system to stem leakages in the supply of fuel that have exacerbated shortages that are being experienced in the country, a Cabinet Minister said yes...

By Staff reporter | Published: 03 July 2019

BUSINESS NEWS

Fuel crisis persists in Zimbabwe

THE country's fuel crisis is getting worse as long winding queues have begun to resurface across the country, a week after government banned the use of the multi-currency system.Deputy Energy minister...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

'Dealers diverting fuel to black market'

UNSCRUPULOUS fuel dealers are allegedly diverting large volumes of the commodity to the underground markets, causing shortages on the market, the National Oil Infrastructure Company (NOIC) chairman Da...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

Cellphone ignites fire as pair siphons fuel from car

TWO Gweru man sustained severe burns all over their bodies while vehicles worth US$9 000 were destroyed by a fire which started after one of them answered his cellphone while they were siphoning petro...

By Staff reporter | Published: 11 June 2019

BUSINESS NEWS

Mnangagwa's govt cashes in big on fuel excise duty

THE Zimbabwe Revenue Authority (Zimra) says exercise duty collections more than doubled during the first quarter of 2019 compared to the same period last year after government hiked duty for fuel in J...

By Staff reporter | Published: 02 May 2019

BUSINESS NEWS

'No fuel price hike in Zimbabwe'

The Minister of Energy and Power Development, Joram Gumbo has allayed fears of a fuel price hike, dismissing claims of an increase on the pump price of petrol and diesel as false.This follows the gove...

By Staff reporter | Published: 28 April 2019

BUSINESS NEWS

Fuel prices go down

THE price of fuel has slightly gone down after the Government announced an increase in the blending ratio of petrol from five percent to 10 percent last week.In a notice, the Zimbabwe Energy Regulator...

By Staff reporter | Published: 28 April 2019

BUSINESS NEWS

Mandatory fuel blending ratio up

Government has increased the mandatory blending of unleaded petrol from five percent ethanol to 10 percent with immediate effect. This was announced in a extraordinary Government Gazette published yes...

By Staff reporter | Published: 26 April 2019

BUSINESS NEWS

Fuel prices up again

DESPITE government castigating business for over-pricing, there is likely to be no respite for the embattled consumer anytime soon as the price of fuel continues to go up, almost on a weekly basis.A s...

By Staff reporter | Published: 24 April 2019

BUSINESS NEWS

Fuel supplies improve for ZITF

Fuel situation has improved in Bulawayo ahead of the Zimbabwe International Trade Fair (ZITF), which started yesterday.A survey by the Southern Eye shows that fuel supplies have started to normalise w...

By Staff reporter | Published: 24 April 2019

BUSINESS NEWS

Industry gets 80% fuel

Industrialists say fuel availability has improved "significantly" in the last few months since Government took the bold decision to adjust the price upwards, with indications that the manufacturing se...

By Staff reporter | Published: 24 April 2019

BUSINESS NEWS

Fuel price hike rumour trashed

ENERGY and Power Development Minister Joram Gumbo has assured motorists not to panic as Government is not planning to increase fuel prices again. His assurance comes after reports on social media indi...

By Staff reporter | Published: 04 February 2019

BUSINESS NEWS

Acute fuel shortages rock Zimbabwe again

Energy and Power Development minister Jorum Gumbo yesterday claimed that fuel companies were concentrating on supplying outlying areas resulting in a shortage of the commodity in urban areas.Gumbo mad...

By Staff reporter | Published: 03 February 2019

BUSINESS NEWS

Redan restores fuel coupons value

REDAN Petroleum has given in to pressure and reversed its decision to debase fuel coupons following President Emmerson Mnangagwa's decision to hike fuel prices by 150% three weeks ago.The decision fol...

By Staff reporter | Published: 30 January 2019

BUSINESS NEWS

Redan given 72 hours to restore fuel coupons value

The decision by Redan Petroleum to debase fuel coupons following President Emmerson Mnangagwa's decision to hike fuel prices a fortnight ago has drawn fire, with lawyers demanding that the fuel distri...

By Staff reporter | Published: 25 January 2019

BUSINESS NEWS

Fuel deliveries resume

FUEL deliveries at service stations have resumed after being temporarily halted for about a week owing to the violent protests that rocked the country, a Cabinet Minister has said.In a telephone inter...

By Staff reporter | Published: 20 January 2019

BUSINESS NEWS

Miners want to import own fuel

ZIMBABWE Miners Federation (ZMF), the representative body of small-scale miners, says it is pushing for a licence to import fuel for onward distribution to its members to ensure continuity of producti...

By Staff reporter | Published: 08 January 2019

BUSINESS NEWS

Bond notes unsustainable, fuel inflation, claims Fitch

Fitch Solutions, the macro-economic arm of global rating agency says Zimbabwe's currency regime is highly unsustainable and will continue to fuel inflationary pressures going forward.In 2009, the sout...

By Staff reporter | Published: 08 January 2019
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