Zimbabwe has lost more than $60 billion through corruption- MP says

Then there is the mystery to me as to why the fuel prices are so high in Zimbabwe. Fuel prices in Zimbabwe are averaging about $1.16 a litre. International bulk wholesale prices for petrol and diesel are $0.32 a litre. I have examined the fuel situation very closely and I have the details to show to the House, if required. It shows to me that about $0.25 a litre is disappearing from the fuel account. I ask the question to this House, why do we import 22% of our imports from Singapore.  18% in 2014 and 22% in 2015. Twenty five cents a litre is disappearing and almost all those payments go through Singapore. One company in Zimbabwe is involved in nearly monopoly conditions here. The name of the company is Puma. This company controls the pipeline to Zimbabwe. This requires investigation and involves up to US$400m a year. One cent on the retail price is US$1.2m a month. This is a lot of money.

What I am saying is that I do not believe that adequate attention is being given to this issue of corruption by either the President, his subordinates or this House. I really think that it is time – I hope next week we will have time to debate this in detail and deal with the nitty-gritties as to how these things are happening and then take action as a House to ensure that these holes are blocked so that the revenues can come to the State; and we can run our country properly on the basis of the resources that we have generated inside Zimbabwe.  Thank you Mr. Speaker Sir.

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