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ZERA intensifies crackdown on overcharging fuel stations
10 hrs ago |
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The Zimbabwe Energy Regulatory Authority (ZERA) has deployed enhanced compliance teams across the country as part of a nationwide crackdown on fuel service stations charging above approved pump prices.
The move follows a recent downward adjustment of fuel prices by the regulator, which authorities say should be fully reflected at retail outlets.
Under the latest review, Diesel 50 is now selling at US$1.99 per litre, while Blend E20 petrol is retailing at US$1.98 per litre. The revised prices came into effect on June 19 and will remain valid for the next two weeks, subject to developments in international fuel markets.
Speaking on the enforcement measures, ZERA chief executive officer Eddington Mazambane said the authority had intensified inspections following reports that some service stations were charging consumers more than the prescribed prices.
"We have regional compliance officers who enforce issues to do with pricing, quality of fuel products. They always do rounds to check on fuel prices," Mazambane said.
"But lately, we have had the confusion which happened when we heard that there are some service stations that are selling fuel above announced fuel prices."
He said the regulator would not hesitate to take action against operators found violating fuel pricing regulations.
"So we are going to enforce compliance to fuel prices at the same time prosecute those charging above regulated prices," he added.
ZERA's compliance officers are also responsible for monitoring fuel quality standards, ensuring that petroleum products sold to consumers meet regulatory requirements.
The regulator reviews fuel prices periodically based on movements in international oil prices, exchange rate considerations and other market factors. Fuel retailers are required to comply with the maximum prices announced by the authority.
The latest enforcement drive is aimed at protecting consumers from unfair pricing practices and ensuring that the benefits of lower fuel costs are passed on to motorists and businesses.
Authorities have encouraged members of the public to report service stations charging above approved prices, saying consumer cooperation remains important in supporting regulatory compliance.
The crackdown comes as Zimbabwe continues efforts to improve transparency and accountability in the fuel sector while safeguarding consumers against market abuses.
The move follows a recent downward adjustment of fuel prices by the regulator, which authorities say should be fully reflected at retail outlets.
Under the latest review, Diesel 50 is now selling at US$1.99 per litre, while Blend E20 petrol is retailing at US$1.98 per litre. The revised prices came into effect on June 19 and will remain valid for the next two weeks, subject to developments in international fuel markets.
Speaking on the enforcement measures, ZERA chief executive officer Eddington Mazambane said the authority had intensified inspections following reports that some service stations were charging consumers more than the prescribed prices.
"We have regional compliance officers who enforce issues to do with pricing, quality of fuel products. They always do rounds to check on fuel prices," Mazambane said.
"But lately, we have had the confusion which happened when we heard that there are some service stations that are selling fuel above announced fuel prices."
He said the regulator would not hesitate to take action against operators found violating fuel pricing regulations.
"So we are going to enforce compliance to fuel prices at the same time prosecute those charging above regulated prices," he added.
ZERA's compliance officers are also responsible for monitoring fuel quality standards, ensuring that petroleum products sold to consumers meet regulatory requirements.
The regulator reviews fuel prices periodically based on movements in international oil prices, exchange rate considerations and other market factors. Fuel retailers are required to comply with the maximum prices announced by the authority.
The latest enforcement drive is aimed at protecting consumers from unfair pricing practices and ensuring that the benefits of lower fuel costs are passed on to motorists and businesses.
Authorities have encouraged members of the public to report service stations charging above approved prices, saying consumer cooperation remains important in supporting regulatory compliance.
The crackdown comes as Zimbabwe continues efforts to improve transparency and accountability in the fuel sector while safeguarding consumers against market abuses.
Source - Sunday News
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