By NATION REPORTERTHE Energy Regulation Board (ERB) should reduce pump prices to help cushion the social effects of COVID-19, the National Democratic Congress (NDC) has said.However, the Energy Regulations Board, ERB, recently explained that fuel price reductions were not feasible because of the unstable exchange rate which has led to a sharp depreciation of the Kwacha.NDC president Chishimba Kambwili said fuel pump price reduction and crude oil world over had become a trending phenomenal which should also benefit Zambians.“We also recall vividly that President Edgar Lungu, in December, ordered a 20%, 15%, 10% salary cut from his salary, ministers and high earners in the civil service, respectively, and to channel funds towards reduction of local fuel pump prices in order to cushion harsh economic impact that citizens were experiencing. We hope the directive was not mere rhetoric,” Mr Kambwili said.Mr Kambwili explained that NDC believed that those initiatives would help trigger social benefits to the […]
NDC insists on fuel price reduction
