fuel price.jpgFuel produced at the US$600 million Chisumbanje Ethanol Plant has hit the market amid high expectations that prices of the commodity will fall.

The recent granting of the trading licence to Green Fuel by the Zimbabwe Revenue Authority (ZIMRA), and the subsequent distribution of the commodity across the country has raised the nation’s hopes that fuel prices will fall.

Green Fuel Marketing Manager, Ms Jane Witz said there has been an overwhelming response from the market, indicating that it has no negative effects to vehicles.

ARDA Board Chairman, Cde Basil Nyabadza said the coming on board of green fuel will play a critical role towards reduction of imported fuel with the nation anticipated to save US$2,5 million daily.

Global ethanol production is forecast to hit 88,7 billion litres this year, replacing the need for 1 million barrels of crude oil per day worldwide.

Monthly, Zimbabwe imports 105 million litres of diesel, 90 million litres of petrol, 15 million litres of jet fuel, with transport and agricultural sectors consuming 60%.

The coming of green fuel on the market is faced with resistance from international fuel firms operating in the country which are reported to have questioned the compatibility of the blend with cars in Zimbabwe.