New Fuel Import Licensing Conditions
New fuel import licensing conditions
Prospective licensed fuel importers should own or manage at least three retail sites and have proof of importing 10 million litres of fuel in a year between 2016 to 2019, among other new operating license conditions.
This was revealed in a statement on fuel procurement issued by the Zimbabwe Energy Regulatory Authority (ZERA) yesterday.
The new conditions include a license fee of USD24, 360 excluding value added tax.
“Fuel import licensees have up to 30 April 2021 to be compliant as no other licenses will be acceptable for procurement of fuel importation from 1 May 2021,” the statement said.
The energy regulator also said since the 2019 procurement licenses were valid in 2020, all procurement companies who used such licenses to import fuel in 2020 are required to pay ZWL$2 million by 31 October 2021 failure to comply will lead to cancelation of the 2021 license.
In 2020, Zimbabwe imported 736 million litres of diesel and 404 million litres of petrol.
The energy regulator licensed 733 fuel sites across the country in 2020.
ZERA conducts scheduled and impromptu infrastructural and fuel quality inspections at all sites in the country.
The energy regulator urges consumers to buy fuel from licensed sites only whose quality and fuel prices are always monitored for compliance.