High Fuel Consumption A Sign That Industry Is Booming - Sakunda Holdings Boss
The high demand for fuel in the country has been attributed to booming production in industry by a business executive of a major fuel company.
The country’s fuel usage rose by 23 per cent between January and April this year, a development that Sakunda Holdings executive Everton Mlalazi said is an indication that local industry is thriving.
Speaking at an Africa Financial Services Investment Conference in London recently, Mlalazi said:
When we look at the fuel situation as a business, we don’t look at it as a supply-side problem, we look at it as a demand-driven challenge.
What the increase in demand means is that the government has opened up space for business and industry is now working.
When you look at the 130 million litres for April, what has increased there is not petrol which everyone uses but it is diesel which suggests that this is fuel for industry.
Mlalazi was part of a delegation to London that was led by the Minister of Information, Publicity and Broadcastings Services Monica Mutsvangwa.
