By BUUMBA CHIMBULUTHE third Covid-19 wave remains a key threat to growth and could force Government to continue cushioning rising costs by providing subsidies such as in the energy sector to ease burdens on consumers.Delays in hiking pump prices reflects in part authorities subsiding fuel prices so as to cushion cost impact to end users, according to the Kwacha Arbitrageur Magazine.Brent crude oil futures has edged higher by two cents to US$73.45 a barrel.According to the magazine, subsidies indicated a cost that the public sector incur at the expense of productive sectors of the economy.The magazine indicated that the arbitrage in fuel pricing at the Nakonde-Tunduma border post was a case of consumers taking advantage of price anomalies cross border to ease operational costs which was likely to persist for as long as the disparity continues.Fuel prices in Tunduma (Tanzania) a border town is at K25.23 for a litre of petrol while that at Nakonde […]
COVID FORCES GOVT TO KEEP FUELPRICES DOWN
