Minister of Natural Resources and Energy Prince Lonkhokhela has advised the nation not to panic given the current situation, assuring the public that despite global supply chain constraints, diligent efforts were being undertaken.
He said this was in collaboration with oil companies to ensure the continuous availability of fuel throughout the country.
This was shared by the minister yesterday when updating the public on the current fuel supply situation within the country.
He stated that the observed increase in demand and perceived shortage was primarily in response to the anticipated fuel price increases, not necessarily fuel shortages.
Prince Lonkhokhela stated that fuel prices in the country will not increase as detected by the markets.
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He said government would utilise the Strategic Oil Reserve Fund to cushion the impact.
“A long-term solution is the Strategic Oil Reserve facility that government is working on. This facility will help safeguard fuel security,” he said.
He then advised against panic buying and the stockpiling of fuel.
He said such actions place undue pressure on the oil industry’s distribution networks and can inadvertently exacerbate fuel supply concerns.
Prince Lonkhokhela added that the stockpiling of fuel in non-approved containers or locations posed significant safety risks, which is why they unequivocally discourage this practice.
He reiterated that the situation was under control and was being closely monitored on an ongoing basis to guarantee a stable and consistent fuel supply for all citizens.
“We urge the public to remain calm and refrain from actions that could disrupt the orderly distribution of this essential commodity,” he said.
