Mon. Sep 23rd, 2019

Govt clears air on ‘new fuel prices’

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Government says it has no immediate plans of increasing the price of fuel in the country.

Minister of Energy Matthew Nkhuwa says contrary to stories circulating in some sections of the media that government plans to increase the price of fuel, the price of the commodity will be maintained for now.

Mr. Nkhuwa says although the kwacha has depreciated against the U.S dollar leading to the increase in the price of crude oil, there will be no upward adjustments in the price of fuel.

He says the rumors in circulation are targeted at tarnishing the image of government adding that no oil marketing firm is mandated to the price of fuel without consultations.

Mr Nkhuwa further says Zambia is the only country with a competitive price of fuel in the SADC region in terms of pricing and urged people not to be misled.

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