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The country has adequate stocks of fuel to meet demand during the festive season at daily consumption of five million liters. Zimbabwe consumes an average of three million liters of diesel and two million liters of petrol per day.
Due to increased travel by members of the public during the festive season, the country needs to be adequately stocked to avoid shortages.
Minister Edgar Moyo said, “The public should not panic as the country has enough fuel across all the National Oil Infrastructure Company (NOIC) depots. We use five million liters a day, where three million liters is diesel and two million liters is petrol”.
“Indications are that we are very secure in terms of fuel supply, so people should not panic. We have stocks that can last us even beyond the festive season. For diesel, we have in stock currently in our NOIC depots 189,9 million liters, which covers 64 days, and for petrol, we have 71,9 million liters, which cover 36 days,” he said.
“In-tank in Beira (Mozambique), we also have 70,5 million liters of diesel and 12,5 million liters of petrol which is ready to be pumped into the country in addition to the 189,9 million liters of diesel and 71,9 liters of petrol held at our depots locally. In vessels which are in dock ready to offload into the tanks in Beira after the evacuation of what I have said is in-tank in Beira, we have 42,5 million liters of diesel and 27,7 million liters of petrol, so we have more than enough,” he said.
The Government through the Ministry of Industry and Commerce has warned businesses against price increases during the festive season to ensure that goods are available in the retail sector.
Sithembiso Nyoni said, “The retail sector had enough stocks and that her ministry would act against unjustified price hikes during the festive period. Let me assure the nation that industry has enough stocks of basic commodities and that business will immediately work on modalities to ensure that there will not be any sharp price increases”.
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