Mandatory ethanol blending ratio up

Mandatory ethanol blending ratio up 1

By Zvamaida Murwira Government has, with immediate effect, increased the mandatory ethanol blending of unleaded petrol from 10 percent to 20 percent. The increase in the ethanol to unleaded petrol ratio is expected to reduce the import bill and make the fuel available since ethanol is locally produced. The announcement was made by Energy and Power Development Minister Fortune Chasi in an Extraordinary Government Gazette published yesterday in terms of the Petroleum Act (Chapter 13:22): (Excepting from Levels of Mandatory Blending of Anhydrous Ethanol with Unleaded Petrol) Notice 2019. “It…

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Zimbabwe hikes fuel prices by 50 percent after stand-off with fuel companies

Zimbabwe hikes fuel prices by 50 percent after stand-off with fuel companies 2

HARARE – The Zimbabwe Energy Regulatory Authority (ZERA) approved a 50 percent increase in the price of fuel on Tuesday, just hours after threatening fuel companies who raised prices or withheld fuel from the market. The frantic statements came after fuel companies deliberately withheld fuel, already in short supply, to force ZERA’s hand. The oil companies feared selling their stocks at old prices would decimate their capital after the Reserve Bank of Zimbabwe directed on Monday that they would now buy dollars to import fuel on the interbank market. The…

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Fuel crisis could get worse, warns Energy Minister Joram Gumbo

HARARE – Long fuel queues formed around Zimbabwe on Monday, on the same day that the Energy Minister Joram Gumbo warned it might get worse. Zimbabwe’s problem is simple: Trafigura and Glencore have millions of fuel litres delivered by pipeline to Harare, but the country does not have the foreign currency required by fuel companies to pay for the product. Gumbo says the fuel queues would disappear if the Reserve Bank of Zimbabwe were to make timeous payments for the fuel. “I only provide fuel and it is in the…

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Government issues license to buy ethanol from Triangle Ltd

Government issues license to buy ethanol from Triangle Ltd 4

By Gift Phiri Zimbabwe’s state oil company has issued a license to buy ethanol from the Zimbabwe unit of South African firm Tongaat Hulett to be blended with petrol, weeks after President Emmerson Mnangagwa called for higher use of the sugarcane by-product to help stem a worsening fuel crisis. Tongaat Hulett Zimbabwe Energy Regulatory Authority of Zimbabwe (Zera) has decreed that every litre of fuel sold must be mixed with a percentage of cleaner-burning ethanol, though only about 15 percent blending is done now. Presidential spokesman George Charamba confirmed to…

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Travellers stranded as fuel crisis grows

Travellers stranded as fuel crisis grows 5

By Pauline Hurungudo The double whammy of biting fuel shortages and steep transport fares is leaving thousands of commuters stranded — forcing many of them to hitch precarious rides on lorries and pick-up trucks, in the latest desperate scenes to afflict long-suffering Zimbabweans. File picture of a bus at Mbare Musika in Harare This comes as most commuter omnibus and long distance buses are spending endless and often fruitless hours queuing for diesel at the country’s dry filling stations. Zimbabwe has, for a long time now, been struggling to pay its…

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