"Fuel Supply Situation Remains Constrained Due To Panic Buying", Energy Minister

Energy Minister, Fortune Chasi has claimed that the fuel supply situation remains constrained due to panic buying by consumers.

Addressing Parliament, Chasi said that speculation was fueling panic buying. He said:

Generally, the fuel supply situation remains constrained due to what we believe is panic buying on the part of consumers. Because of panic buying, not all service stations have fuel at any one time.

This results in queues at service stations that may be having fuel. The market is receiving reasonable volumes of fuel to keep the country running. Panic buying originates from speculation that fuel prices may increase sharply.

More: The Chronicle