By ADRIAN MWANZATHERE is no immediate threat in the price of fuel pump prices going up because of the good performance of the Kwacha against other convertible currencies, says an energy expert Johnstone Chikwanda.Mr Chikwanda said despite the fuel prices being relatively high globally, the positive performance by the Kwacha has cushioned this problem locally.He said the chances of an immediate increase in the prices of fuel were there and that he was confident that it would remain the same.“The performance of the Kwacha has played a cardinal role in maintaining relatively low prices of fuel despite it being high on the international scene,” he said.Meanwhile, Mr Chikwanda said that the Kwacha’s performance was not only cushioning the fuel sector but also other key sectors of the economy.“A number of factors like the removal of 25 percent customs duty on fuel can also be said to be contributing to the cushioning of the prices,” he […]
STRONG KWACHA CUSHIONING AGAINST FUEL PRICE HIKE
