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ZERA To Come Up With LP Gas Pricing Model Soon: ZERA CEO

5 years agoSun, 02 Dec 2018 10:05:13 GMT
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ZERA To Come Up With LP Gas Pricing Model Soon: ZERA CEO

The Zimbabwe Energy Regulatory Authority (ZERA) is working on a pricing model to guide the Liquefied Petroleum (LP) Gas merchants. ZERA is on record having said that there is 100 per cent compliance by LP gas wholesalers. However, ZERA has not been able to regulate the retailers who have mushroomed in most areas in towns and cities. LP gas is mainly used for domestic cooking. ZERA CEO Eddington Mazambani said

The prices of fuels are reviewed on a weekly basis depending on the changes in international crude oil prices. Once the prices of the crude oil change, Zera has to adjust local prices to ensure that prices are reflective of current international prices. With respect to LP Gas, the focus has been on setting standards and systems for safe use and quality of the products and efforts are underway to come up with a price regulation system once foreign currency allocation measures have been put in place.

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