News / National
Supply, price of commodities normalise
12 Nov 2018 at 18:17hrs | Views
Interventions by the government to normalise the supply of goods especially fuel and basic commodities are bearing fruit as fuel queues have disappeared with supermarkets shelves filled to the brim and prices now normalising.
A brief spell of empty supermarket shelves and dry fuel service stations plunged the country's citizens into a panic mode after some monetary and fiscal interventions by the government last month.
The government moved in to quickly normalise the situation and there has been a gradual increase in the supply of goods especially basic commodities such as cooking oil, rice, beverages and other essential goods at their normal prices.
Long winding queues characterised almost all service stations countrywide but the ZBC News crew saw a significant improvement as some service stations even had no cars to fuel.
The Deputy Minister of Information, Publicity and Broadcasting Services, Energy Mutodi said the government has put in place a long term solution to the fuel problems.
"We have put in place measures to guarantee the supply of fuel into the country for at least the next five years. So let me reassure the nation that we are not going to see any disturbances in the supply of fuel because the government has given money in advance to fuel companies so it is only left to the economy to run smoothly," he noted.
The Minister of Finance and Economic Development, Professor Mthuli Ncube revealed last week that the government has started to draw down on the US$250 million facility agreed with Germcorp.
Reserve Bank of Zimbabwe (RBZ) Governor, Dr john Mangudya also assured the nation at a pre-budget seminar in Bulawayo that the apex bank is upscaling the efficient allocation of foreign currency to key economic sectors to ensure the constant availability of goods and services in the country.
A brief spell of empty supermarket shelves and dry fuel service stations plunged the country's citizens into a panic mode after some monetary and fiscal interventions by the government last month.
The government moved in to quickly normalise the situation and there has been a gradual increase in the supply of goods especially basic commodities such as cooking oil, rice, beverages and other essential goods at their normal prices.
Long winding queues characterised almost all service stations countrywide but the ZBC News crew saw a significant improvement as some service stations even had no cars to fuel.
"We have put in place measures to guarantee the supply of fuel into the country for at least the next five years. So let me reassure the nation that we are not going to see any disturbances in the supply of fuel because the government has given money in advance to fuel companies so it is only left to the economy to run smoothly," he noted.
The Minister of Finance and Economic Development, Professor Mthuli Ncube revealed last week that the government has started to draw down on the US$250 million facility agreed with Germcorp.
Reserve Bank of Zimbabwe (RBZ) Governor, Dr john Mangudya also assured the nation at a pre-budget seminar in Bulawayo that the apex bank is upscaling the efficient allocation of foreign currency to key economic sectors to ensure the constant availability of goods and services in the country.
Source - zbc
