• Fri. Apr 19th, 2024

Zimbabwe LPG consumption up 73% in August 

ByETimes

Oct 16, 2023

By ETimes

Liquefied Petroleum Gas (LPG) consumption in Zimbabwe increased by seven percent to 44,29 million kilograms (kgs) in the first eight months of 2023 compared to 41,29 million kgs in the comparative period, latest statistics have shown.

The success of the LPG initiative is an indication that the government and stakeholders are making progress in mitigating the effects of environmental degradation while offering affordable alternative energy to Zimbabweans.

Official figures from the Zimbabwe Energy Regulatory Authority (Zera) show that in August, LPG consumption shot up 73 percent to 9,55 million kgs from 5,52 million kgs in the same month last year. This is the highest LPG consumption in the last nine years, followed by 6,64 million kgs recorded in March 2023.

The increase in LPG usage can be attributed to the resurgent power shortages, which industrialists have warned will negatively weigh on the productive sector’s potential.

At 9,55 million kgs, August LPG consumption was 96 percent higher than 4,86 million kgs in July 2023.

Monthly average LPG consumption has been averaging 5,53 million kgs.

Since 2013, Zera has taken a deliberate approach to encourage the use of LPG as a source of energy for heating and cooking. This saw a growth in the uptake of LPG from 5 million kgs in 2013 to the current 60 million kgs.

Zera expects a five percent annual increase in LPG usage.

The country’s LPG consumption increased by 500 percent to 60 million kg between 2012 and 2022.

In 2022, LPG consumption stood at 59,89 million kg, representing a 5,47 percent rise from 56,78 million kg in 2021.

Last year’s LPG consumption was the highest over the past eight years.

Experts, however, say the country should promote local production of green fuel to cut its import bill.

LPG importers require at least US$3 million of foreign currency a month to fully service the market.

The government is also currently engaging investors to come on board as independent power producers – Harare

By ETimes

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