WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2004-02-19 Posted By: Jan
From the News Archives of: WWW.AfricanCrisis.Org
Date & Time Posted: 2/19/2004 1:44:10 PM
Zimbabwe"s fuel shortages resurface
Harare – Fuel shortages have resurfaced in Zimbabwe just days after the government introduced a new duty system based on a higher foreign exchange rate, officials said. The majority of petrol outlets suddenly ran dry early this week, catching motorists unaware. The government said duty on imported products, including petroleum-based fuels, would be increased in line with the new foreign exchange rates. “There was a mix-up at the weekend when government decided to use the (new exchange) rate to calculate duty. This would have meant duty would go up by 450% or 500%,” Petroleum Marketers Association of Zimbabwe, Masimba Kambarami, told AFP. But on Tuesday government announced a massive reduction of import duty on all fuels to between zero and five percent from 40% in a bid to maintain fuel prices at prevailing levels.
Kambarami, however said the crisis would be temporary arising from the weekend “hiccup”. “It will take a bit of time to turn things around,” he said. The increase in import duty was not announced in advance, so many fuel importers were not prepared when they arrived at the border at the weekend. Zimbabwe imports its petroleum-based oils mainly from South Africa. “Fuel importers only realised this at the border at the weekend and they did not have lines of credit to pay the new duty,” said Kambarami. Zimbabwe has experienced serious fuel shortages since 1999 initially largely blamed on corruption and incompetence at the state-owned oil company and later attributed to a scarcity of foreign exchange. From around Christmas time last year the fuel supplies had improved after government de-regulated the fuel industry and allowed private importers to take part in the trade.
Source:Business Day (SA)
published:Thu 19-Feb-2004
URL: http://www.zwnews.com/issuefull.cfm?ArticleID…br>