Local Indigenous Fuel Importer's Licenses Expiring End Of This Month And They Are Having A Hard Time Renewing Them - Report
Indigenous fuel importer’s licences are expiring at the end of this month, a development that has fuelled panic in the energy industry Mining Zimbabwe reports.
This has been further exacerbated by the fact that when some of the fuel importers tried to renew their licenses, ZERA played coy with their applications fueling rumours that some big fuel players are frustrating the licensing system.
Indigenous Petroleum Association of Zimbabwe Chair spoke to Business weekly and said:
The issue that has caused panic in the fuel industry has been the fact that most import licences for indigenous players are lapsing on December 31, 2019. So we have managed to engage ZERA and were issued with invoices to pay but the invoices have since been regarded as not genuine.
I have since paid for the renewal of the import licence but to date we have not received anything. This has massive ramifications on our part in terms of trading because our trading will be made difficult when operating with expired import licences.
Sakunda has been accused of monopolising RBZ’s forex for fuel imports allocations according to the publication
More: Mining Zimbabwe
