The Zimbabwe Energy Regulatory Authority (ZERA)has reviewed the price of Liquified Petroleum Gas (LPG) following the exemption from value-added tax (VAT) with effect from 1 January 2025 promulgated in Finance (No. 2) Act, 2024.
The price of LPG in United States Dollars, has been set at US$1.61 per Kg from US$1.86.
The ZiG price has been reviewed to ZWG41.63 per Kg from ZWG47.51.
In his budget presentation on November 28, the Minister of Finance, Economic Development and Investment Promotion Hon. Prof Mthuli Ncube exempted Liquefied Petroleum Gas (LPG) from value-added tax (VAT) as a strategic measure to mitigate the rising costs associated with LPG.
With the power supply deficit currently being experienced in the country and the region, LPG usage has surged as an alternative source of energy.
The timely intervention by the government will cushion the populace against rising costs.associated with LPG.
