By KETRA KALUNGAZAMBIANS should demand a more efficient fuel supply chain so that no amount of inefficiency costs are included in the fuel pump price, Zambia Association of Manufacturers (ZAM) has said.ZAM executive officer, Florence Muleya Banda, said an efficient supply chain would enable Zambians benefit whenever there was an international price reduction because they would not be paying for inefficiencies.Ms Banda said there had been increased public outcry regarding the high fuel prices in Zambia especially that other countries in the region had reduced their fuel pump prices.This is because the price of crude oil per barrel fell to as low as $20.62 in March this year.She however noted that the demand for a reduction in fuel price implied an increase in fuel subsidies on the part of Government.Ms Banda said it was important to look at the determinants of fuel pricing in Zambia which included importation of crude oil products due to lack […]
ZAM WANTS IMPROVED FUEL PRICING
