Thu, 10 Aug 2017 13:29:31 +0000 By Sandra Machima ZAMBIANS must take note of Government’s continued efforts of passing the benefits of falling oil prices to consumers through fuel pump price reductions, Energy Forum Zambia chair person Johnstone Chikwanda has said. Mr Chikwanda also advised the government to take advantage of low oil prices to fund critical projects and invest on behalf of the public instead of reducing pump prices all the time. He said the government should pursue other means of passing on the benefits of falling oil prices to the public other than through pump price reductions alone especially if the reductions were marginal. “For instance, the latest fuel price reduction announced by the Energy Regulation Board (ERB) will save the industry an average of $10 million per month. By the next price revision in 60 days’ time, the industry will have been saved at least $20 million, and instead of passing this […]
