Zim fuel crisis creates instant oil barons

The liberalisation of Zimbabwe’s fuel sector has created instant oil barons who have made billions of dollars from importing fuel and selling it to private companies as well as trading in fuel coupons. Investigations by reporters have revealed that some fuel dealers were buying foreign currency on the black market and then buying fuel coupons for resale to desperate motorists at double the black market rate.

…Some petrol attendants are acting as middlemen for the dealers and sell the coupons in Zimbabwe dollars for between $60 000 and $80 000 a litre for both petrol and diesel to desperate motorists.

Zim Observer