Energy Expert observes country still has hope of mitigating the possible impact which might trigger an increase in fuel pump prices following increasing of the commodity on the international market.
Written by MillenniumEditor2 on June 18, 2021
Energy Expert Johnstone Chikwanda has observed that the country still has hope of mitigating the possible impact which might trigger an increase in fuel pump prices, after an increase of the commodity on the international market.
Mr Chikwanda notes that it is unprecedented that Zambia has not seen any fuel price adjustment since December 2019 which resonates with government overall policy to stabilize the commodity pump price.
Mr Chikwanda says during this same period, neighbouring countries such as Mozambique, Malawi, South Africa, Namibia and DRC have revised prices while Zambia has kept them stable.
He has commended government for keeping the prices stable at a time when the prices have been going up and countries in the region adjusting over the period.
Mr Chikwanda says what has been seen is a pattern where government is revising various cost elements of the pricing mechanism as compared to just increasing, which possible now to pursue other approaches to ensure stability in pump prices.