INDUSTRIALS & ENERGY

Fuel shortage rocks Zimbabwe

ZIMBABWE'S economic challenges continue to mount with key towns, Beitbridge and Victoria Falls, running out of fuel.The fuel shortage comes at a time the country is facing a wave of price increases, w...

By Staff reporter | Published: 06 September 2018

INDUSTRIALS & ENERGY

Govt blames fuel crisis on foreign currency shortages

ENERGY minister Simon Khaya Moyo yesterday blamed the crippling fuel shortages being faced by the nation on late foreign currency allocation and ethanol shortage.Khaya Moyo told journalists in Bulaway...

By Staff reporter | Published: 27 July 2018

POLITICS

Media play critical role in fuelling conflicts

SOUTHERN Africa is a flashpoint for conflict, with Zimbabwe renowned for political violence and South Africa for xenophobia, terrorism threats from Al Shabaab in Mozambique, including hunger and other...

By Staff reporter | Published: 26 July 2018

POLITICS

Postal vote row fuels political tensions

THE political furore over the postal voting process, the latest battlefront between opposition parties and the Zimbabwe Electoral Commission (Zec) has fuelled political tensions ahead of general elect...

By Staff reporter | Published: 20 July 2018

BUSINESS NEWS

Continuous importation of forex fuels blackmarket

ANALYSTS agree that the continuous importation of hard cash into the economy will not improve the prevailing cash shortages in the country, but further fuel the parallel market.This comes as Reserve B...

By Staff reporter | Published: 11 July 2018

POLITICS

Sanctions poser for mega fuel project

The $5,2 billion coal-to-fuel joint venture project between Government and a Canadian investor planned for Lisulu, Hwange, is facing inordinate delays after it emerged that economic sanctions imposed ...

By Staff reporter | Published: 08 July 2018

INDUSTRIALS & ENERGY

More fuel price hikes coming

MOTORISTS should brace for more fuel price hikes as oil prices continue to move northwards while government insists on controlling the fuel industry and maintaining a myriad of taxes on the sector, a ...

By Staff reporter | Published: 05 July 2018

INDUSTRIALS & ENERGY

Bulk fuel imports increase

SHIPPING agents at Beitbridge Border Post yesterday said they had observed a sharp increase in bulk fuel imports from South Africa, as the country moves to restore normal supplies following last week'...

By Staff reporter | Published: 21 June 2018

MINING & RETAIL

Govt fuels gold sector chaos

Government is fuelling corruption tendencies in the gold mining sector by failing to give miners the value of their product, Finance and Economic Development deputy minister Terence Mukupe has said.Gi...

By Staff reporter | Published: 20 June 2018

MINING & RETAIL

$5.2bn coal-to-fuel deal murky

Obscure South African company Nkosikhona Holdings, which recently signed a staggering US$5,2 billion deal with government to turn coal into liquid fuel, cashed in on the Lisulu coal deposits in Hwange...

By Staff reporter | Published: 08 June 2018

BUSINESS NEWS

Transport costs drive fuel prices outside Harare

Fuel dealers outside Harare that are selling the commodity at above government-stipulated prices say they are doing so to cover transportation costs for the fuel to towns outside the capital.A survey...

By Staff reporter | Published: 04 June 2018

BUSINESS NEWS

Zim destined to produce surplus electricity, fuel

President Emmerson Mnangagwa yesterday told over 40 000 youths at a convention in Mkoba that Zimbabwe was destined to produce surplus electricity and fuel. "We signed an agreement for coal-bed-methane...

By Staff reporter | Published: 01 June 2018

BUSINESS NEWS

Fuel imports consume $474m in four months

RBZ allocated about $474 million towards the importation of fuel in the first four months of the year, which is way above the $383, 1 million disbursed by the apex bank during the comparative period l...

By Staff reporter | Published: 01 June 2018

BUSINESS NEWS

Govt clueless on dealing with fuel price hikes

Fuel prices continued on an upward trend in the past few days, with authorities seemingly groping in the dark on how to respond to the issue.The price of petrol and diesel rose by a cent this week to ...

By Staff reporter | Published: 31 May 2018

BUSINESS NEWS

Black market fuel back

BLACK MARKET fuel dealers have resurfaced in Harare in recent weeks following the sharp rise in oil prices on the global market, which hit the Zimbabwe market the hardest.Unlike neighbouring countries...

By Staff reporter | Published: 30 May 2018

BUSINESS NEWS

Govt assures public on fuel prices

The Ministry of Energy and Power Development yesterday assured members of the public that Zimbabwe Energy Regulatory Authority (Zera) will monitor the market and ensure compliance to regulated prices ...

By Staff reporter | Published: 30 May 2018

BUSINESS NEWS

Zimbabweans told to brace for fuel price hikes

RESERVE Bank of Zimbabwe governor, John Mangudya has warned that foreign currency shortages coupled with the country's shrinking export bill and galloping fuel prices on the global market will continu...

By Staff reporter | Published: 29 May 2018

BUSINESS NEWS

RBZ doubles forex allocation for fuel

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday said it had doubled foreign currency allocation to fuel suppliers from $10 million to $20 million per week to ensure constant fuel su...

By Staff reporter | Published: 29 May 2018

BUSINESS NEWS

RBZ boss quizzed on fuel shortages

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says fuel shortages are caused by structural challenges such as heavy reliance on imports, debt overhang, fuel price hikes and low production.T...

By Staff reporter | Published: 28 May 2018

BUSINESS NEWS

RBZ moves to end fuel crisis

Intermittent fuel shortages experienced in some parts of the country in the past week are expected to disappear after the Reserve Bank of Zimbabwe (RBZ) increased foreign currency allocations for fuel...

By Staff reporter | Published: 26 May 2018

BUSINESS NEWS

Fuel shortages persist

Service stations in most parts of the country are still struggling to secure adequate fuel to meet demand, resulting in long-winding queues at pump stations with the product in stock.A survey by the D...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

RBZ doubles forex allocation for fuel

The Reserve Bank of Zimbabwe (RBZ) has doubled weekly foreign currency allocation on fuel imports to US$20 million in a bid to address the supply gap following a 20 percent rise in demand for the comm...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

Fuel situation remains unchanged

FUEL shortages in some parts of Harare remained unchanged from last week, with unusually long, meandering queues and sometimes total unavailability of petrol at some fuel stations, NewsDay reported.In...

By Staff reporter | Published: 22 May 2018

BUSINESS NEWS

Bulk fuel imports increase

SHIPPING agents at Beitbridge Border Post yesterday said they had observed a sharp increase in bulk fuel imports from South Africa, as the country moves to restore normal supplies following last week'...

By Staff reporter | Published: 21 May 2018

OPINION

Government handling of fuel crisis shambolic

The past few days have been characterised by fuel shortages, which the government should deal with urgently.The government should have foreseen the possibility of fuel shortages and done everything in...

By Staff reporter | Published: 18 May 2018
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