Thu, 19 Jan 2017 09:46:03 +0000 …as ERB bans Importation Of cheap oil By Bennie Mundando ZAMBIAN companies importing cheap fuel are furious with the Energy Regulation Board (ERB) for suspending their importation licences to compel them to start purchasing expensive fuel from Indeni in Ndola. “Why should we be forced to buy oil from Indeni at K13 a litre when we can buy the same at K9,” they asked. It is illegal, they said for ERB to stop companies from ferrying cheaper fuel from Sasol in South Africa which they said would land in Zambia for less than K9 per litre compared to the K13 they would now be paying from Indeni. The companies argued that suspending the importation of cheaper fuel from South Africa and forcing them to buy the commodity coming from Tanzania which was more expensive did not make any sense. They questioned ERB’s logic behind contracting three middlemen which […]
