BERA reviews fuel pricing formula

Known more commonly as the “slate,” the formula is a calculation of the costs involved in supplying and distributing various forms of fuel within the country. Every month, BERA looks at the movements of the various factors in the slate, to gauge whether pump prices are “under-recovering” or “over-recovering”. Both terms refer to whether pump prices are above or below the costs involved in bringing and distributing the fuel throughout the country, which determines pump prices increases or reductions.

BERA caretaker CEO, Grace Tabengwa, said the review of the slate would be aimed at achieving cost reflectivity.