Gumbo Blames Hoarding For Shortage Of Fuel
23 December 2018
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Terrence Mawawa|Energy and Power Development Minister Jorum Gumbo has blamed hoarding and panic buying- for the shortage of fuel in the country.

In an interview with state run weekly publication, The Sunday Mail, Gumbo castigated petrol attendants for conniving with motorists to hoard fuel for reselling on the black market.

“Some motorists are now conniving with petrol attendants to hoard fuel for the black market, that habit must stop and we are going to do something about these people.”

“The shortages we are experiencing in the country are a result of things like hoarding, panic buying and parallel market trading,” Gumbo claimed.

“On the black market, fuel is selling at $ 4 or $ 5 per litre, so the fuel challenges we are facing arise from mismatch on the rating between the US dollar and the bond note,” added Gumbo.