He said government was currently spending over US$67 million per month and over US$809 Million per year on petroleum products at the expense of other social sector needs.The finance minister said this at a joint briefing with IMF mission chief to Zambia Allison Holland held via Skype.He said there would be no fuel subsidy in the 2022 budget.He said this was a conscious choice governmnet needed to take.He said the previous governmnet froze increaments of fuel prices due to fear of losing elections but that this has left governmnet indebted from their failure to pay.Dr Musokotwane said that the increament of fuel prices and electricity tarrifs was certain but that his governmnet had human beings who were considerate.He said there was no need for Zambians to be scared because governmnet would try to moderate the increaments.He said once government shifts costs of fuel to motorists’ tanks, the said money would be channelled to social sector […]
FINANCE MINISTER SITUMBEKO MUSOKOTWANE SAYS IF FUEL PRICES ON INTERNATIONAL MARKET AND IN THE SUPPLY CHAINS INCREASES GOVT WILL HAVE NO CHOICE BUT INCREASE FUEL PRICES
