National Fuel Management System completed

The pilot phase of the National Fuel Management System has been completed, and the system has been approved by the government.

The National Fuel Management System was developed by the Harare Institute of Technology, with support from the Zimbabwe Energy Regulatory Authority (ZERA). It is ready and robust for full implemention.

Speaking at the post cabinet briefing Minister of Information, Publicity and Broadcasting Services Monica Mutsvangwa said, government resolved that a technology-based fuel management system, which provides real-time fuel tracking capability, should be developed and implemented throughout the country.

“This followed rampant malpractices in the fuel sector, which were negatively impacting the wider economy.

“The objectives of the system are as follows, to improve the quality of fuel service delivery; to reduce the amount of foreign currency required to import fuel; to reduce pilferage of fuel purchased using local currency and selling it on the US$-denominated market,” Mutsvangwa said.

Furthermore the system is set to establish the actual national fuel requirements per province and to regulate fuel importations which use foreign currency obtained from the foreign currency auction market.

“The system, which is set be rolled out soon across the fuel distribution value chain, including at retail outlets, will ensure judicious management of fuel resources in the country and provide real-time information for decision-making,” she said.

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

ZSE weekly review

The Zimbabwe Stock Exchange (ZSE) all share price index finished the week ending 15 Octobe…