‘We’ve 3 months fuel reserves’

Addressing Parliament on Wednesday, acting Energy and Power Development Minister Zhemu Soda, said Government was closely monitoring developments in the Middle East and their potential impact on fuel supplies and prices. “The Minister of Energy presented a report to Cabinet yesterday (Tuesday) indicating the level of our stocks that are holding in the country, both diesel and petrol, including Jet A1 for our aeroplanes,” he said. “We were also briefed about the stocks that are in transit between our country and Beira (Mozambique) and the ships that are about to dock in Beira.”

Herald Reporter

GOVERNMENT has assured the nation that it holds sufficient fuel reserves to meet demand for the next three months, allaying fears of potential shortages due to ongoing conflict in the Middle East.

Acting Minister of Energy and Power Development Dr Zhemu Soda, who is also the Minister of Information, Publicity and Broadcasting Services, told the National Assembly yesterday that a report detailing the country’s preparedness had been presented, confirming that reserves were adequate.

He allayed fears from legislators regarding supply stability and the possibility of rising pump prices linked to the Middle East conflicts.

Dr Soda said Government storage facilities were stocked and that supply contracts with regional partners remained intact.

However, Dr Soda cautioned that while the Government had taken steps to safeguard fuel supply, pricing would ultimately be influenced by market forces in the event of any disruptions to the supply chain.