Zimbabwe could be losing at least $240 million annually to fuel fraud while globally at least $40 billion is lost to smuggling activities associated with subsidies, tax and price differentials worldwide.Smuggled and stolen fuel deprives governments of tax revenue. According to a leading global authentication and information services company, Authentix Inc which assists customers in combating illicit fuel trade and managing the integrity of their global supply chains worldwide, Zimbabwe, among other African nations, has been facing national fuel supply chain problems such as smuggling, adulteration and dilution of fuels.
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