LPG prices now under ZERA Regulation
By Takudzwa Chakwana
The Zimbabwe Energy Regulatory Authority (ZERA) through its mandate has publicized the LPG prices for the month of August, a development to ensure that Liquefied Petroleum Gas (LPG) market price is fair on consumers as well as LPG wholesalers and retailers to create a balance in the interests of all stakeholders.
This is grounded in the provisions of section 54 of the Petroleum Act that allows ZERA to develop regulations through Statutory Instrument 90 of 2021 which provide the basis of the review of the LPG prices.
A kg of Liquid Petroleum Gas will be going for ZWL $ 158.57 or alternatively USD 1.85 although it is permissible to sell LPG at prices below the prescribed prices depending on one’s trading advantages.
The LPG price will be reviewed for publishing on the 7th day of every month in line with international developments noting that the LPG that is consumed in the country is imported. The Authority will continuously undertake routine compliance checks in the field to ensure compliance by all operators. All operators who are found not complying with the regulations will be prosecuted in line with the provisions of the regulations.