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LP Gas Shortages Due To Foreign Currency Scarcity: ZERA

5 years agoFri, 30 Nov 2018 11:43:03 GMT
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LP Gas Shortages Due To Foreign Currency Scarcity: ZERA

The supply of Liquefied Petroleum (LP) gas on the local market has continued to dwindle owing to the shortages of foreign currency to import the product. This was revealed by Zimbabwe Energy Regulatory Authority (ZERA) chief executive officer Eddington Mazanhi in an interview with The Herald. The shortages have hit hard low-income households who depend on LP gas for cooking, as the prices rise in response. Mazanhi had this to say

The high prices are as a result of challenges in accessing foreign currency. Increased supply will push those prices to the normal prices. LPG wholesalers are citing serious challenges in accessing foreign currency. As a result, there are some stock-outs in the market, which results in queues on the sites where the product is available.

ZERA statistics show that the consumption of gas is Zimbabwe has risen by 19%.

A total of 31 997 563 kg of LPG had been consumed by 30 September 2018 compared to 26 512 265 kg that had been consumed by 30 September 2017, representing a 19 per cent increase.

More: Herald

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