Government through the Ministry of Industry and Commerce has called on Zimbabweans to shun panic buying of fuel and basic commodities as there are sufficient supplies of them to meet demand.

Zimbabwe witnessed panic buying and hoarding of basic commodities over the weekend due to speculation over anticipated price increases.

Government has, however, assured the nation that basic commodities and other essentials like fuel will be available to cater for normal demand by customers.

Giving the assurance the Minister of Industry and Commerce Cde Nqobizitha Ndlovu said it is also imperative for the people not to hoard and engage in panic buying as this creates artificial shortages that are inflationary.

Besides creating inflationary pressures on goods and services, hoarding and panic buying will also exert unnecessary demand on foreign exchange further compounding fiscal imbalances that are detrimental to the well being of the economy.

Meanwhile, a survey by the ZBC News today showed that most basic commodities were available in supermarkets and retail outlets.