On Wednesday, Energy Minister Samuel Undenge announced that Zimbabwe will be phasing out D500 (normal diesel) effective 1 November, 2017 and migrating to Diesel 50.
Dealers have been given 4 months to sale all D500 stocks. Speaking on the fuel shortages, Undenge said the situation is returning to normal as forex allocation for purchase has been increased to $10 million per week and said that there is no need to panic.
He also claimed that Zimbabwe has two months worth of diesel and one month worth of petrol stocks in bond. Undenge said panic buying and hoarding had worsened the fuel situation but “there is no need to panic.”