Categories: Zim Latest

Cooking oil shortage hit Zim..Buyers stampede to hoard basic goods as prices rise

There was stampede for the better part of the day in most supermarkets around the country as people rushed to horde cooking oil which has been on short supply over the past few days.

A survey in the country’s leading supermarkets such as OK and TM Pick and Pay showed long winding queues of people hoarding the basic commodity.

In an effort to curb the situation, management from these retail outlets were only permitting one 2litre of cooking oil per individual.

This did not hinder people to purchase in bulk as they were exchanging turns and tills with relatives in order to capitalise on numbers.

It took only about three hours for people to finish a full truck load of delivered cooking oil in one of TM supermarket outlets.

A top manager at one of the retail outlets who declined to be named said the cooking oil price was expected to rise from $3.40 up to about $5 by month-end.

Zwnews has also established that he family favourite Mazowe Orange Crush  drink is now a rare commodity with some locations in the Midlands experiencing serious shortages.

Panic mode has gripped the nation after the Central Bank announced its fiscal policy this week which has received criticism across majority of citizens for lacking a pro-poor approach. zwnews

Share

Recent Posts

Zimbabwean Driver Locked Up in DRC After His Truck Kills 18 People in Deadly Accident

Reports from concerned drivers in the Democratic Republic of Congo (DRC) indicate that Jeremiah Kamuterera,… Read More

29th March 2024

Police Investigate Discovery of 20 Young Women Linked to Madzibaba Ishmael Cult in Harare Hideout

The Zimbabwe Republic Police (ZRP) has launched an investigation after discovering 20 young women who… Read More

29th March 2024

CAPS United Humiliated as New Boys Bikita Minerals Secure First Premiership Victory…ZPSL Results

 In an electrifying showdown at Rufaro Stadium, newly promoted side Bikita Minerals clinched their maiden… Read More

29th March 2024

No loss of value through introduction of currency stabilization measures- David Mnangagwa

The Deputy Minister of Finance and Investment Promotion David Mnangagwa has attributed the current surge… Read More

29th March 2024

Mnangagwa prematurely ends Mangudya’s tenure as RBZ governor

HARARE – President Emmerson Mnangagwa on Thursday brought forward by a month the appointment of… Read More

29th March 2024

Tragedy Strikes as Bus Plunges Off Bridge in Limpopo, Killing 45 ZCC Church Mmembers

SOUTH AFRICA: A devastating bus accident on the R518 in Limpopo's Waterberg district has led… Read More

29th March 2024