Fuel Retailers Buying Petroleum Products from Unlicensed Wholesalers Risk Losing Licences

by | Jun 7, 2023 | Business, Local News | 0 comments

Fuel Retailers Buying Petroleum Products from Unlicensed Wholesalers Risk Losing Licences

Mako Jerera

Fuel retailers who buy petroleum products from unlicensed wholesalers advertising on social media risk having their licences revoked, a regulatory board has said.
In a statement, the Zimbabwe Energy Regulatory Authority (ZERA) said no person, other than a licensed petroleum company, is allowed to procure or sell or produce petroleum products in the country in terms of the Petroleum Act.
“It has come to the attention of the Zimbabwe Energy Regulatory Authority (ZERA) that there are some illegal fuel dealers offering fuel for sale to retailers and the public via social media,” reads the statement.
“Trade in petroleum products is a regulated activity which must be conducted in terms of relevant licences and licence conditions.”
Petroleum retail companies are advised to conduct due diligence by engaging ZERA to verify the authenticity of any company that may be suspiciously offering fuel for sale.
“Therefore, be advised that it is a serious offence for any unlicensed company to carry out an activity in the petroleum industry without the requisite licence,” said ZERA.
“It is a breach of licence conditions for a licensed petroleum retail company to buy petroleum products from a company that is not licensed to procure/import or wholesale petroleum products.
“The Authority would like to strongly warn that any unlicensed person found trading fuel will be prosecuted.
“In addition, any licensed petroleum company found buying fuel from an unlicensed wholesaler will have their licence cancelled.”