Fuel price increase rumour dismissed

Fuel price increase rumour dismissed
Published: 11 January 2019 (241 Views)
Government has dismissed the rumour that it has given green light to fuel companies to sell in US Dollars so that they can generate foreign currency on their own without government allocation. The rumour also said there will be increase of fuel from Monday.

Read the message: Government has encouraged oil companies to procure fuel on their own and sell in the currency of choice as it is a multi currency system, indirectly approving USD. Form Monday fuel companies will be selling both products Petrol n diesel in USD. Petrol $1,15usd and  R18 per litre , Diesel $1,10usd n R18 per litre.

In response the Ministry of Media Information and broadcasting said, "There is no government policy allowing all petrol stations to sell fuel in USD only. Cabinet has not approved such an arrangement. Fuel stations are advised to limit the number of cars on the forecourt at any one time so as to avoid a disaster in case of a fire."

The Ministry further said all currencies are legal tender and must be accepted at service stations.

"All currencies in the basket, including Bond note, which is pegged at 1:1 with the USD are an acceptable form of tender. There is no discretion to exclude other currencies in the basket.

"There are no fuel increases on Monday and Government does not have a fuel rationing system, however fuel retailers have suggested limiting the amount one person can buy in order not to run out after only serving a few customers. This is the retailers' efforts to be fair and to ensure ensure equitable access to the commodity."

Zimbabwe has been struck by  a massive shortage of fuel since the disputed harmonized elections. The price of basic commodities has skyrocketed and there has been massive strikes by the junior doctors.



- Byo24News

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Teachers to engage in a crippling strike

by Mandla Ndlovu | 26 March 2019 | 137 Views

Mnangagwa copying Cambodia's dictator?

by Mandla Ndlovu | 26 March 2019 | 157 Views

Top USA University honours Evan Mawarire

by Mandla Ndlovu | 26 March 2019 | 115 Views

'Mnangagwa got 33% of the Presidential vote'

by Mandla Ndlovu | 26 March 2019 | 205 Views

Diamonds to contribute $1bn a year

by Staff reporter | 26 March 2019 | 128 Views

US, Canada surgeons honour Mtukudzi

by Staff reporter | 26 March 2019 | 100 Views

Alternative currencies still legal tender in Zimbabwe

by Staff reporter | 26 March 2019 | 106 Views

'Gukurahundi Commission should be given a chance'

by Staff reporter | 26 March 2019 | 77 Views

Coventry challenges Zifa on stadium safety

by Staff reporter | 26 March 2019 | 88 Views

Bosso sweat over trio

by Staff reporter | 26 March 2019 | 71 Views

Man murders, skins granny (71)

by Staff reporter | 26 March 2019 | 98 Views

Work starts on Rutenga- Sango Xai-Xai Highway

by Staff reporter | 26 March 2019 | 78 Views

Zimbabwe prisoners decry poor diet

by Staff reporter | 26 March 2019 | 70 Views

Govt urged to set up missing persons database

by Staff reporter | 26 March 2019 | 75 Views

Chamisa's MP removed from remand

by Staff reporter | 26 March 2019 | 83 Views

In times like these, political posturing must give way

by Learnmore Zuze | 26 March 2019 | 67 Views

Zanu-PF central committee member dies

by Staff reporter | 26 March 2019 | 84 Views

Special prosecutor in no-show at Potraz boss trial

by Staff reporter | 26 March 2019 | 63 Views

Parties to Mnangagwa's dialogue to choose neutral convener

by Staff reporter | 26 March 2019 | 76 Views

Zinara under fire over huge wage bill

by Staff reporter | 26 March 2019 | 67 Views

Gonarezhou to reintroduce rhinos

by Staff reporter | 26 March 2019 | 53 Views

Mayor storms out of prayer meeting

by Staff reporter | 26 March 2019 | 83 Views

10 vie for MDC vice-presidency

by Staff reporter | 26 March 2019 | 104 Views

Zimbabwe worse off under Mnangagwa - survey

by Staff reporter | 26 March 2019 | 62 Views

Gukurahundi symptom of nation formation, says Mohadi

by ZimLive | 26 March 2019 | 79 Views

Division rock war veterans

by Staff reporter | 26 March 2019 | 51 Views

Chamisa warns Mnangagwa of civil unrest

by Staff reporter | 26 March 2019 | 91 Views

Confusion over number of cyclone victims in Zimbabwe

by newzimbabwe | 26 March 2019 | 33 Views

'RTGS$ a failed fraud' Tendai Biti says

by Mandla Ndlovu | 26 March 2019 | 47 Views

Botswana! The sinking of Africa's democracy basket

by Reginald Thabani Gola | 26 March 2019 | 55 Views

Strive Masiyiwa to build house for Cyclone Idai heroine

by ZimLive | 25 March 2019 | 127 Views

Japajapa convicted

by Staff reporter | 25 March 2019 | 128 Views

Zimbabwe govt out to promote new female condom

by Staff reporter | 25 March 2019 | 92 Views

NMB Bank founder to pay back $1.1m

by Staff reporter | 25 March 2019 | 116 Views

Club owner bashes DJ over payment

by Staff reporter | 25 March 2019 | 120 Views

Explain effects of sanctions to everyone, says Matemadanda

by Staff reporter | 25 March 2019 | 82 Views

Former Zinara bosses summoned to Parliament

by Staff reporter | 25 March 2019 | 85 Views