ZERA Reduces Price Of LP Gas
The Zimbabwe Energy Regulatory Authority (ZERA) lowered the price of Liquefied Petroleum (LP Gas) for April 2023. The new prices are US$2.02 per kg and ZWL$1 911.28 per kg, down from the previous prices of US$2.06 per kg and ZWL$1 861.35. In an update seen by Pindula News, the regulator said:
Operators should prominently display the prices of LPG at their retail outlets in clear, readable letters. It is allowed to sell LPG below the prescribed prices depending on trading advantages. Stakeholders can verify petroleum price releases by ZERA on their official website, Facebook or Twitter.
ZERA also advised members of the public to always purchase their LPG from a registered LPG retailer to avoid accidents.
As of April 3, 2023, the average global price of LPG is US$0.76 per litre, but prices vary widely between countries. Generally, wealthier countries have higher LPG prices, while poorer countries and those that produce and export natural gas have lower prices. These price differences are due to varying taxes and subsidies. Despite all countries having access to the same natural gas prices on international markets, they choose to impose different taxes, resulting in different retail prices for LPG.
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