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

BUSINESS NEWS

Zera investigates 'Queen B' and other fuel dealers

ZIMBABWE Energy Regulatory Authority (Zera) says it is carrying out investigations in collaboration with the police on fuel dealers accused of pushing the product to the black market, where it is then...

By Staff reporter | Published: 01 January 2019

BUSINESS NEWS

Fuel shortage hits small-scale miners

THE Zimbabwe Miners' Federation (ZMF) says the prevailing fuel shortage has significantly crippled small-scale mining operations as most of its members use diesel. Zimbabwe has been experiencing fuel ...

By Staff reporter | Published: 31 December 2018

BUSINESS NEWS

'Selling fuel in forex not Government policy'

ENERGY and Power Development Minister Dr Joram Gumbo says the selling of fuel in foreign currency by some dealers is not Government policy. Some licensed service stations have been reportedly selling ...

By Staff reporter | Published: 31 December 2018

BUSINESS NEWS

Corruption worsens fuel shortages

Unscrupulous fuel attendants and dealers have compounded a critical fuel supply situation that was caused by limited foreign currency reserves in the first place, investigations show. Fuel dealers and...

By Staff reporter | Published: 31 December 2018

BUSINESS NEWS

'Fuel supply gaps still exist in Zimbabwe'

Although fuel consumers are generally able to access fuel, some gaps still exist as we continue to witness fuel queues, even though some are short - that's a fact.The demand trends I have witnessed ar...

By Staff reporter | Published: 23 December 2018

BUSINESS NEWS

Fuel rationing on the cards

GOVERNMENT is considering rationing fuel as a measure to curb fuel shortages following a 60% increase in demand for the liquid at a time the country is hard pressed for foreign currency to pay for fue...

By Staff reporter | Published: 21 December 2018

BUSINESS NEWS

Fuel dealer invites service station partners

Genesis Energy Private Limited is seeking to expand its operations locally and has invited business proposals from entrepreneurs wishing to partner with the company as dealers.This is in line with the...

By Staff reporter | Published: 16 December 2018

BUSINESS NEWS

Zera mulls pricing fuel in forex

The Zimbabwe Energy Regulatory Authority (Zera) has made submissions to Government to allow some selected service stations countrywide to sell fuel to motorists in foreign currency.This comes as the c...

By Business Weekly | Published: 07 December 2018

INDUSTRIALS & ENERGY

'Zimbabwe runs out of fuel'

ZIMBABWE Energy Regulatory Authority (Zera) acting chief executive officer Eddington Mazambani yesterday revealed to Parliament that the country had exhausted the $60 million worth of fuel imported la...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

Fuel companies call for 2-week forex cover

Fuel firms operating in the country have said Government should supply them with two-week worth of foreign currency cover to ensure there are no gaps that "exaggerate" the fuel shortages. Appearing be...

By Staff reporter | Published: 07 December 2018
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