By SHARON ZULU
SOCIALIST Party Deputy Secretary General, Antonio Mwanza has advised government to decisively combat the systematic corruption in the fuel procurement processes.
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Mr Mwanza explains that fuel is the major driver of the economy and the main contributor to both the high cost of living and the high cost of doing business that Zambia and Zambians are currently facing.
Mr Mwanza said that stabilizing the price of fuel did not mean reducing the price but rather maintaining the already very high prices a little longer before they could be allowed to fluctuate again.
He said Government should immediately suspend VAT and exercise duty on all petroleum products, which he said would automatically reduce the price of fuel by a whopping 24 percent.
Mr Mwanza has urged government to build adequate fuel storage facilities to enable it enter in long term purchase agreements which would help maintain the price of fuel even in the advent of instability of price of commodity at the international market.
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