Mon, 14 Nov 2016 10:07:21 +0000 THE Government has been cautioned to put on hold plans to disengage from fuel procurement until it has built enough strategic fuel reserves to last a minimum of 90 days. Energy Forum Zambia chairman Johnstone Chikwanda said he was opposed to the Government’s stated policy to disengage from petroleum procurement because the country had not yet built enough fuel tanks to hold sufficient national strategic reserves to last 90 days in line with global best practice. He said the proposed policy should be handled cautiously because the country often had fuel reserves covering less than a month, and also the combined storage capacity held by the private sector was not enough to be entrusted with the national responsibility at a time when fuel consumption had significantly increased. He also expressed concern over the possibility of a situation where everyone started to import from different sources because product quality control […]
