Fuel Pump Prices Reduced With ‘Immediate Effect’ From Midnight

Zambia will scrap a levy on fuel used to fund strategic reserves, which will now be the sole responsibility of the government, Energy Minister Christopher Yaluma said on Friday today.
“The onus of holding fuel will go into the hands of government. The government will take that risk and will ensure that we do not have shortages. Right now the government has ensured that storage facilities are built across the country,” Yaluma told a media briefing.
He said as a result, the price of petrol would drop to K 8,155 Zambian per litre from K 8,647 a litre while that for diesel would be reduced to K7,566 per litre with effect from midnight.

Posted by Editor on October 7, 2011. Filed under LATEST NEWS. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry