The Zimbabwe Energy Regulatory Authority ("ZERA") is conducting a petroleum sector pricing study. The purpose of this survey is to obtain the required financial information to review the pricing models applied by ZERA to determine the prices of the following fuels:
- Petroleum (Unleaded and Blended)
- Diesel
- Kerosene (Illuminating paraffin)
- Liquefied petroleum gas (LPG)
- Jet A1 fuel
The survey is made up of a number of sections comprising of the following:
- The first section requires basic information about the service station, and its location;
- The second section requires details of the relevant time period for the data and information provided;
- The third section requires data and information from the balance sheet relating to ownership of retailing assets, equity and liabilities;
- The fourth section requires data and information from the income statement on revenue generated, cost of sales and operational expenditure;
- The fifth section requires data and information on volumes sold and the prices of fuel and related products/services offered by retailers; and
- The final section requires data and information on the contactual agreements between the retailer and the wholesaler or procurer, specifically information related to agreed upon prices and additional fees.
The survey is very detailed and will take approximately 2-3 hours to complete. Your participation is required by ZERA and is immensely valued. You can stop at any time during the survey and save your progress to complete the survey at a later stage. In order to complete the survey online, you need to be connected to the internet. If your connection is unreliable, you can also print the survey, gather the information and then fill in the online version in one session. Once you submit the information is automatically captured on the access-controlled online system and therefore does not need to be sent separately.
This survey requires accounting details and can be filled in by a person with knowledge of your accounting and financial information, such as your accountant or bookkeeper.
Please provide documents for your most recent financial or calendar year and complete the survey based on these documents. The following documents are likely to be required and it is recommended that you keep these on hand whilst completing the survey:
- Income statement for the most relevant calendar/financial year;
- Balance sheet for the relevant calendar/financial year;
- Statement of cash flows for the relevant calendar/financial year;
- Notes to the above statements;
- A detailed set of management accounts supporting the financial statements;
- Data on volumes of petrol, diesel and other petroleum related products sold over the relevant calendar/financial year; and
- A copy of the contractual agreement/s between the wholesaler (oil company) or procurer and the retailer which applicable to the relevant calendar/financial year, includeing the details regarding the compensation that retailers are entitled to and payments to the wholesaler.
All the data and information provided should relate to the same time period, either twelve calendar months or a financial year.
For questions to ZERA, please contact Mr Samuel Mutingwende HERE.
ZERA requests its licensees to complete the survey by Friday the 4th of September 2015. If you experience any difficulties while completing the survey or you have any questions, kindly contact Mr Tsheki Kolobe of Genesis Analytics directly HERE or on (011) 994 700.