Tue, 25 Apr 2017 11:00:05 +0000 By AARON CHIYANZO LEAVING the procurement of refined petroleum products to the private sector will lead a reduction in the pump price as it will be market driven, Movement for Multiparty Democracy (MMD) national secretary Raphael Nakacinda has said. Mr Nakacinda said that some business persons had indicated that they had connections to source out petroleum product cheaply. He explained that procuring petroleum products cheaply would enable the private sector reduce the pump price of fuel by a reasonable margin. Mr Nakacinda said in an interview with Daily Nation that government was being forced to procure fuel at slightly higher prices because they needed to buy in bulk. He pointed out that government had to consider suppliers who could provide the product in bulk even if not the cheapest. Mr Nakacinda said that some business people would be able to source out petroleum products at much cheaper […]
