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

BUSINESS NEWS

Zimbabwe fuel situation gets desperate

Suppliers are apparently refusing to release fuel to Zimbabwe until the government settles what it owes to them, the Daily News was told yesterday.This comes as the prices of fuel are going down elsew...

By Staff reporter | Published: 03 December 2018

POLITICS

Long fuel queues blamed on panic buying

Fuel service stations are getting the normal supplies of a combined eight million litres daily but panic buying by motorists in anticipation of price increases and the festive season has resulted in l...

By Staff reporter | Published: 03 December 2018

BUSINESS NEWS

Zimbabwe has enough fuel, claims Govt

Fuel service stations are getting the normal supplies of a combined eight million litres daily, but panic buying by motorists in anticipation of a price increase and the festive season have meant that...

By The Herald | Published: 03 December 2018

BUSINESS NEWS

Zimbabwe left with less than a week of fuel supplies

POOR planning by the Zimbabwe government has resulted in the country facing dwindling fuel supplies.For the past two weeks there have been long, winding queues countrywide. The most affected are motor...

By Times Live | Published: 28 November 2018

BUSINESS NEWS

Govt on top of fuel situation?

Government is arranging enough financing for the supply of fuel and the temporary stock-outs in the country will end in the next few days, Finance and Economic Development Minister Professor Mthuli Nc...

By Staff reporter | Published: 28 November 2018

POLITICS

Zimbabwe has adequate fuel stocks, claims Gumbo

ENERGY minister Joram Gumbo says Zimbabwe has adequate fuel stocks, despite the reemergence of queues, and blamed social media for causing panic among motorists.Fuel queues, which had disappeared over...

By Staff reporter | Published: 27 November 2018

BUSINESS NEWS

'Fuel service stations feeding black market'

FUEL stations in Bulawayo have been exposed for feeding the commodity to the black market for sale at distorted prices despite getting foreign currency support from Government. Bulawayo Provincial Aff...

By Staff reporter | Published: 26 November 2018

BUSINESS NEWS

Fuel price to go up

Fuel prices are set to go up after Government raised excise duty on petrol and diesel by up to 7 cents per litre to reduce arbitrage opportunities by foreigners taking advantage of local currency disp...

By Staff reporter | Published: 23 November 2018
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