Zimbabwe is to ban the use of unblended fuel in the next two months, according to Deputy Prime Minister Arthur Mutambara.
This week, cabinet approved a mandatory blending of petrol subject to a Government and Green Fuel agreement on negotiations to change ownership structure of the ethanol plant in Chisumbanje from a Build-Operate-and- Transfer arrangement to a Joint Venture.
The starting blend ratio is 95/5 and will rise 80/20by 2015.
Already the government has set a starting price for blend at $1.47 per litre and the expectation is that as petrol price will fall significantly in the next few months as volumes increase.
Exciting for us is that we are working at keeping more money within the economy.