LPG short­ages due to forex: Zera

Sunday News (Zimbabwe) - - Front Page -

THE Zim­babwe En­ergy Reg­u­la­tory Au­thor­ity (Zera) says the ob­tain­ing for­eign cur­rency chal­lenges are to blame for the short­ages in liq­ue­fied petroleum gas (LPG) at a time its con­sump­tion is on the in­crease coun­try­wide.

This has also re­sulted in in­creases in its price with some deal­ers de­mand­ing up to $7 per kilo­gramme from $2,50 last month.

Since Oc­to­ber, there have been sup­ply gaps in the en­ergy source, re­sult­ing in queues form­ing in some ser­vice sta­tions still sell­ing the com­mod­ity at rel­a­tively low prices.

When avail­able at se­lected of­fi­cial ser­vice sta­tions, LPG costs now av­er­ages $3,30 per kilo­gramme. Other deal­ers are sell­ing the com­mod­ity at higher prices, that makes it ex­pen­sive es­pe­cially for low in­come earn­ing house­holds that rely on it as an en­ergy source due to its per­ceived cheaper cost, as op­posed to elec­tric­ity.

ALL SHARE

The All Share in­dex closed the week in red af­ter los­ing 0.79 points (0,49 per­cent) to close at 160.40 points. Innscor dropped fur­ther by $0,0496 to close at $1,9000, Econet de­creased by $0,0362 to $1,7648 and First Mu­tual Lim­ited was $0,0101 lower at $0,1474. Padenga also lost $0,0333 to $0,9467 and First Cap­i­tal Bank was $0,0001 down at $0,0671.

Trad­ing in the pos­i­tive was Old Mu­tual Lim­ited which added $0,0634 to $8,1742, Meik­les gained $0,02 to end at $0,53 and Delta traded $0,0051 higher at $3,29. AXIA also in­creased by $0,0010 to set­tle at $0,4510 and RTG was $0,0008 firmer at $0,0200.

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