SA fuel sold to Zimbabwe reportedly resold in SA

A group of companies have been accused of using Zimbabwe import licence to buy fuel from South Africa and reselling it in SA at a higher price instead of zimbabwe.  

The National Oil Infrastructure Company (NOIC) of Zimbabwe is looking into a scandal in the energy sector caused by an alleged cartel which was purchasing the fuel at R6 per litre only to resell it at R14 in SA despite the acquittal of fuel import forms at the Beitbridge Border Post.

According to NOIC chairman Daniel MacKenzie, some of the companies were importing fuel individually.

“They have mostly been importing from South Africa but that fuel never reaches Zimbabwe but is rather sold in South Africa,” he explained.

In addition, about 42 companies have also been accused of exporting fuel to the neighbouring countries. McKenzie added they were given time until tomorrow to submit all the papers relating to the importation of petrol and diesel between January 2018 and December 2019.

At the same time, there are long lines at the fuel stations in Zimbabwe caused by a huge fuel deficit.

Leave a Comment

Your email address will not be published.

You may like

In the news
Load More