REQUEST FOR PROPOSALS – CONSULTANCY SERVICES
Introduction
Petroleum Fund (referred herein as the Fund) is a statutory organisation under the Ministry of Finance and Development Planning, established through the Legal Notice No. 96 of 1997 under the Finance Order of 1988. The organisation is further delegated, under the Fuel and Services Control (Delegation Notice) Number 32 of 2021, the powers to set the price and time at which Petroleum Products may be adjusted. It is managed by the Board of Directors, while day-to-day activities are administered by the Secretariat, headed by the Chief Executive Officer, and its operations are guided by the Lesotho (Petroleum Fund) Regulations of 2021.
The Petroleum Fund invites proposals from eligible consultants for the following services:
1. INDEPENDENT PRICING AUDITOR (Ref#: PF/RFP/2025/2026-01)
The Fund sets the Retail Prices of all grades of petrol and diesel as well as that of illuminating paraffin using a mechanism known as the Basic Fuel Price (BFP). The Fund and Oil Industry Consultant (Petroleum Products Price Administration services (PPPAS)) align with the Working Rules to determine the BFP for each month. The monthly calculation of the BFP determines the average unit over/under-recovery for fuels, which will be used for fuel price adjustments. The Fund is also responsible for issuing a Fuel Price Media Statement regarding the fuel Price Adjustments for the first Wednesday of each month. Petroleum Fund, therefore, seeks to engage a reputable and experienced company to perform the functions of a Fuel Price Auditor.
Interested eligible individuals or companies may obtain the detailed Terms of Reference upon payment of a non-refundable fee of M1,000.00 into the Fund’s Bank Account provided under general information.
Requests for clarification should be made in writing on or before 14:00hrs on Monday, the 12th of May 2025, to the following e-mail address: [email protected]. The Proposals must be submitted in sealed packages clearly marked ‘PF/RFP/2025/2026-01 INDEPENDENT PRICING AUDITOR’, containing Technical Proposals and separately sealed Financial Proposals. The deadline for submission of proposals is Thursday, the 22nd of May 2025 by 12:00hrs, to be followed by a public opening of Technical Proposals at 12:15hrs on the same day.
General Information
Bank Account Number for the purchase of Terms of Reference:
- Bank Name: Nedbank
- Account Holder: Petroleum Fund
- Account No: 021000028317
- Branch: Kingsway
Bidders should present the confirmation/proof of payment to the Fund offices for the purchase of Bidding Documents. The payment reference must indicate the title of the Consultancy the bidder is interested in. The documents will be available at Petroleum Fund offices from Thursday, April 24th, from 08:00 to 16:30.
Hard copy proposals must be delivered to the following address: Petroleum Fund LCCI Building
Orpen Road, Old Europa
Maseru 100
Tel. (+266) 22312137
Online submissions may be made by sending encrypted Technical and Financial proposals to [email protected] by the set deadline.