Officials of Rwanda Standards Board on Thursday met with a delegation from Eswatini Kingdom who are in the country for a study visit.
“RSB received and shared standardization and conformity assessment insights with the delegation from the Ministry of Natural Resources and Energy of the Kingdom of Eswatini who are in the country for a benchmarking study in the petroleum sector,” Rwanda Standards Board said in a message posted on platform X.
Eswatini has a relatively young petroleum sector which it wants to expand to adapt to the country’s growing economy.
The Eswatini Ministry of Natural Resources and Energy is in the process of updating, amending and consolidating existing pieces of legislation on petroleum, in line with the National Energy Policy to produce an all-embracing and comprehensive petroleum act.
For Eswatini the situation is that all petroleum products are presently imported from South Africa where there is a regulation of product prices.
The Ministry plays a regulatory role in the petroleum downstream activities, in particular the pricing of all controlled petroleum products i.e. petrol, diesel and illuminating paraffin.
The government’s objective to keep petroleum prices affordable to the public is undermined by the volatility in international oil prices and the Lilangeni/Dollar exchange rate which the government has no control over.
