Register Login

FULL TEXT: Government Introducing Local Currency (ZWL) Fuel

FULL TEXT: Government Introducing Local Currency (ZWL) Fuel

The Zimbabwe Energy Authority (ZERA) has said the government is intending to introduce a programme for the supply of local currency (ZWL) fuel into the market. This comes as some analysts are saying selling fuel in foreign currency only is one of the drivers of the parallel exchange rates since forex is scarce even at the Reserve Bank of Zimbabwe’s auction system. Pindula News presents ZERA’s statement.


The Government intends to roll out a programme for the supply of local currency (ZWL) fuel into the market for the benefit of the following consumer categories: agriculture value chain, public transport, Government Ministries and agencies, Government projects, motoring public and emergency services. The rest of the fuel consumers will continue to be served by oil companies utilising own resources/free funds and selling the same fuel in foreign currency. The local currency fuel, which will be distributed through National Oil Infrastructure Company (NOIC), will be accessed by oil companies who meet the following conditions:

• The company must be a holder of a valid ZERA license.

• In the case of a procurement licensee, the company must have at least three retail sites.

• The company must not have been previously charged/blacklisted for any violation of the law
The operating conditions for the companies involved in the local currency fuel are the following:

• Participating retail outlets should have the National Fuel Management System installed.

• Designated retail sites should sell fuel in ZWL only. Co-mingling of products at a site is strictly forbidden.

• At least 70% of the allocated fuel must be sold through designated retail network and 30% to commercial (non-exporting) customers.

• Participating oil companies to submit weekly returns to ZERA.

• Companies to designate retail sites and advertise to the public the sites selling fuel in ZWL in both print and electronic media.

• Each participating oil company shall designate one retail site in a provincial capital for dispensing ZWL fuel. • No containers to be filled at sites selling ZWL fuel.

• Participating companies to be denied further fuel uplifts from NOIC depots before reconciling the previous allocation.

• Participating companies to avail ZWL fuel documentation to ZERA upon request.

• Hefty civil penalties to be applied for failure to account for proper application of ZWL fuel. Interested companies are requested to submit the list of sites to be designated for the local currency fuel programme to ZERA using the following email addresses — by 1 pm on Monday, 1 November 2021.

More: Pindula News

Share Article




Senior 7 months ago

Inenge yavakuwanika pa newspaper but pa ground hauiwane

Rev:Mlubale Leonard Ndlovu 8 months ago

Yes,this a retrial in this proposed program but it needs real supervision by NOIC,before it failed because the owner and their workers were selling it in the black market.Let's give NOIC a second chance maybe they are having good new strategies.

Chikandamina 8 months ago

Let s wait and see,pamwe zvinotiirawo.

Greedy 8 months ago

We have tried this before it's promoting black market they get it with zw$ and resale it in Us$ so it's all the Same. Ngazviregwe Guys

Chitambira.c 8 months ago

Haisi kuzowanikwa na "Jack and jill" petrol iyi ye Zim dollar..kusvika unoudzwa kuti yapera ..iyo yaendeswa ku black market kwainozotengeswa ne US dollar...kana kuti iripo asi yozotengeserwa anobva Beit Bridge anozikanwa oituta ..zvokuti no container izvo manyepo..kutaura chete.. on the ground one pays to be given fuel in a plastic container!not even a Jerry can!!

Madala Banda 8 months ago

Mitemo iyo ichatotanga kutyorwa nemi mukuinyora dhemeti mhani

Leave a comment

Recent News

News Categories

Give us Feedback