Articles tagged 'fuel'

Acie Lumumba spills the beans 4 November 2018 HARARE - In a shocking claim which could put under pressure Finance minister Mthuli Ncube under further political scrutiny, rabble-rousing influence peddler — William Gerald Mutumanje — is spilling the beans on his recent hatchet job on the Reserve Bank of Zimbabwe (RBZ). The maverick former Z...
Tycoon divides ex-combatants 2 November 2018 HARARE - President Emmerson Mnangagwa's staunchest backers — the war veterans — are now divided over State capture allegations that have sucked in oil tycoon, Kudakwashe Tagwirei. While the chairperson of the Zimbabwe National Liberation War Veterans Association (ZNLWVA) Christopher Mutsvangwa...
Fuel prices go up again 23 October 2018 HARARE - Cost of fuel prices have gone up for the second time in two months, amid serious shortages of the commodity across the country. A survey by the Daily News yesterday showed that the price for both petrol and diesel has increased by two cents, with the former fetching $1,43 from $1,41, ...
Zera reads riot act to service stations 19 October 2018 HARARE - Zimbabwe Energy Regulatory Authority (Zera) has warned service stations against hiking fuel prices or withholding its sale for speculative reasons and threatened to cancel licences of service stations engaged in the rent-seeking behaviour. This comes amid imbalanced supply of fuel whi...
MDC slams ban of jerry cans at service stations 17 October 2018 HARARE - The Nelson Chamisa-led MDC has scoffed at the shock move by Energy minister Joram Gumbo to impose a blanket ban on the use of jerry cans and other metal containers at fuel service stations. The MDC branded the move “insane and mind-boggling”. “He makes this declaration in a misdire...
I won't resign — Gumbo 10 October 2018 HARARE – Energy and Power Development minister Joram Gumbo has stuck to his guns, declaring that he will not resign despite pressure from stakeholders peeved by the worsening fuel situation. This follows calls for his resignation for allegedly misleading the nation into believing that the coun...
RBZ disburses $40m to shore up fuel supplies 8 October 2018 HARARE – The Reserve Bank of Zimbabwe (RBZ) says it has disbursed $40 million towards the purchase of fuel to stem long queues across the country. In a statement, RBZ governor John Mangudya urged motorists not to engage in panic-buying of the commodity, claiming there is sufficient fuel availa...
Ncube fails to douse the fire 7 October 2018 HARARE - Jittery Zimbabweans say Finance minister Mthuli Ncube's humiliating back pedalling on Friday — on his much-criticised two cents per transacted dollar tax — was “too little, too late” because the country is now facing “a full blown economic crisis”. They told the Daily News on Sunday y...
Fuel prices increase 26 September 2018 HARARE - The price of fuel has increased marginally as the local market reacts to global developments. A survey by the Daily News showed that service stations in Harare have adjusted their prices by at least two cents per litre, which is quite something in a United States dollar economy. Pe...
Govt speaks on fuel situation 16 September 2018 HARARE - Erratic fuel supplies being experienced throughout the country have now been addressed, the Zimbabwe Energy Regulatory Authority (Zera) told the Daily News on Sunday yesterday. Zera chief executive officer Gloria Magombo said supplies to pump stations, which have been struggling to se...
Zera engages RBZ to end fuel crisis 25 May 2018 HARARE - In the wake of the increased demand for fuel, industry actors are engaging the Reserve Bank of Zimbabwe (RBZ) to review the amount of foreign currency allocated to the petroleum sector. This was revealed by the chief executive officer of the Zimbabwe Energy Regulatory Authority (Zera)...
Fuel shortages persist 24 May 2018 HARARE - 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 Daily News has shown that a number of service stations around Harare and elsewhere ha...
Govt explains fuel shortages 17 May 2018 HARARE - The shortage of fuel in Harare and other parts of the country has been caused by high demand of the commodity, which is putting pressure on prices, the Zimbabwe Energy Regulatory Authority (Zera) has said. Zera chief executive officer (CEO), Gloria Magombo, told the Daily News yesterd...
Fuel crisis surfaces 16 May 2018 HARARE - Several service stations in the capital and elsewhere have run out of fuel, amid conflicting explanations from the authorities and industry players as to the source of the shortages. [Adz]
Sakunda feels heat over Parly probe 16 February 2018 HARARE - Parliament has blasted Sakunda Holdings (Sakunda) for attempting to unduly influence the portfolio committee on Lands, Agriculture and Rural Resettlement from investigating Command Agriculture financing and belittling the legislature's oversight role. This comes after Sakunda attempte...
Fuel prices set to rocket 17 January 2018 HARARE - Petrol prices are set to rocket in the next few weeks, experts predicted, driven by oil prices that touched the highest level in three-and-a-half years at $63,81 a barrel this week, which is 143 percent above the 2016 all time low of $26,21 a barrel. Diesel drivers could be even worse...
Resurfacing fuel queues a cause for concern 12 September 2017 EDITOR — It’s sad that of late fuel queues have resurfaced in most parts of Harare and other urban areas. This is a serious cause for concern. It is unfortunate that when we start seeing long queues at service stations we are reminded of the shortage of basic commodities as was the case in ...
Zim faces fuel shortage 9 September 2017 HARARE - There are growing fears that the country could slip back to the 2008 hyperinflationary era dominated by fuel and food shortages following the re-emergence of long queues at most garages this week as a result of biting foreign currency shortages. This "coincided" with the rise in price...
Fuel trader Sakunda changes name to Trafigura 28 August 2017 HARARE - Sakunda Private Limited — a fully-integrated energy supplier that has grown to be the biggest fuel trader with stocks in excess of 200 million litres — is changing its name to Trafigura Zimbabwe. The Trafigura name comes from the Singaporean multinational commodity trading giant's nom...
Zim cost of living unjustifiably high 11 July 2017 HARARE - Nearly a decade after ravaging hyperinflation — characterised by steep commodity prices rising by the day — it seems Zimbabwe remains a very expensive country to live in. Back then, around 2006-8, the country's cost of living was way too high compared to its regional peers like Botswa...
Zim has expensive fuel in the region 9 July 2017 HARARE - Zimbabwe's fuel is the most expensive in southern Africa despite government introducing its controversial mandatory blending policy which forces fuel companies to mix unleaded petrol with ethanol as part of reducing the import bill. In a paper on the prices of fuel, the Zimbabwe Energ...
Petrol blending increased to 20pc 8 July 2017 HARARE – Government has increased petrol blending from 10 to 20 percent due to increasing supplies of ethanol. In March, government reduced to five percent from 15 percent the mandatory amount of local ethanol to be blended with petrol as heavy rains affected sugarcane fields. “It is hereby...
Zim increases fuel blending to 15pc 17 June 2017 HARARE – Zimbabwe has increased mandatory petrol blending from 10 percent to 15 percent due to improved supplies of ethanol. Only a month ago, the threshold was increased from five percent to 10 percent. In March, President Robert Mugabe’s government had reduced from 15 percent to five perc...
Duo hijacks impounded fuel 13 June 2017 MUTARE - Two daring men who hijacked a vehicle carrying fuel impounded by cops and sped off with it have been jailed eight months each. Taurai Masibango, 34, and Rodrick Mapfumo, 26, were convicted and sentenced by magistrate Lazarus Murendo after a full trial. They were given 12-month jail...
Zim increases petrol blending to 10 percent 28 May 2017 HARARE - Zimbabwe has increased mandatory petrol blending from five percent to 10 percent due to increasing supplies of ethanol. This comes after government in March reduced to five percent from 15 percent the mandatory amount of local ethanol to be blended with petrol as President Robert Muga...