Acting President Rupiah Banda has announced that the price of fuel will further be reduced.
And Mr. Banda has maintained that the reduction in crude oil and fertiliser prices is not politicking but a service to benefit the Zambian people.
Speaking at a rally at Chimusanya Basic School in Chongwe today, Mr. Banda said the price of oil on the world market had reduced from US$180 to less than a US$100 per barrel hence the need for the ruling Government to be in tandem with such a trend.
He disclosed that Government has already purchased oil from the Middle east whose pump price would be reduced further once the stock arrives in the country.
The Acting President noted that fuel was an engine to national development adding that improving the lives of the Zambian people was on the MMD agenda.
Recently, the acting President announced a reduction in fuel prices by K2 000 and promised that the country should expect price slashes in essential commodities.
And at a Kasama rally a few days ago, Mr Banda announced a cut in the fertiliser for farmers under the Fertiliser Support Programme from K200,000 to K50, 000 for a 50 kilogramme bag.
He also said Government had decided to increase the number of beneficiaries from 120,000 to 200,000 representing an increase of 15 percent from 60 to 75 percent on fertiliser subsidies.
ZANIS/ENDS/KC/CLM
Banda u are a liar, a barrel of gas went as far as 146 dollars, not 180 dollars,as of today its trading at 72 dollars a barrel,MMD u are just a bunch of theives charging zambian motorist with high gas prices.
political engineering at it’s best.. prices will sky rocket just after these pipo are voted into power
Chiluba-era electioneering. This is the 21st century, people want to hear about policies and not dropping prices anyhow.
Ba MMD and RB tell as how you are going to create jobs and empower my uncle in kashikishi. Dont preach about droping fuel prices when we all know that they must drop. It is simple comon sense which you should not use as a manifesto.
Ba MMD you stink and its now time for Sata and PF to lead this loved Zamnbia to advanced levels.
Typical UNIP gimmicks. Lets try Miyanda!!
So Mwanawasa and Magande were subjecting us to peverty when there was plenty money and capacity to reduce prices like RB is diong? Magande Answer why did you do this us?
mathematically speaking,we shud have seen much more reduction in fuel prices from global crude oil price reductions which is well around 50%,but pa zed we politisise reduced fuel pump prices by telling pipo that its bcose of duty cut off.yu have failed on this one baba bwezani,go back to the drawing board,and clean the mess in this matter.things donnot add up!!!!
Why hasn’t the reduction of fuel trikled down to benefit us commuters
The transport fares have remained the same.Energy Regulation Board (E RB) please justify your existence. What do you regulate?
Rupiah Banda’s sister or relative, Sherry Thole wants to take over as Bank of Zambia governor. Watch out, we are headed for a Zimbabwean GONOMICS type of economics. So it will soon be possible to print money, literally, on photocopying paper like they are doing in Rupiah Banda’s country of birth.
Banda pls leave our mother in peace.
Fuel prices in Europe have gone down to 1.30 Euro per litre. Why do Zambians have to wait until the new fuel is in the country?
That’s around 6.700 Kwacha.
Tapanga sense umu boys Shrek!
nyama soya banda is now insulting LPM’S INTGRITY why did the brave LPM reduce the price of fuel. ladies and gentlemen on this blogg lets vote wisely, what i mean is lets vote mmd out and put in the man of action
People lets not forget so easily this govt was willing to let us pay abt K10,000 per litre of petrol without increasing our salaries….
The writing is on the wall. Im following very closely despite my height ,its sad that most of us will not be in ZED to vote by 30/10.One was going to cry.In town people vote wisely problems are in the rural areas where they dont follow what is happening in the political arena.
LPM why dont you feature my views. wachilamo manje, i have the right to contribute.
Fuel pricing in the West is unlike Zambia or the US for example. The tax for fuel in the UK is something like £0.67 in every pound of fuel purchased. Oil majors have to make profit based on a sale to market price of say £1.15/l of diesel.
In Zambia, the GRZ takes a very small portion and therefore any reductions in pricing will be a direct hit on the margins of the OMC rather than GRZ.
So accept in Zed, for all sorts of reasons fuel is cheaper, but the real problem is people are not endowed with an equally high purchasing power!
#17 sorry i meant LT.
The MMD is a party full of thieves who just want to fill their tummies.come 30 Octber kuyabebele.
Rubia Bamba does not know what is happening in the world after all hes been spending his time in rural areas lately, price of fuel should be K4500 per litre at the current $72 per barel. these chaps are so so iritating, its like there are no educated pipo in MMD. they can do they just dont have the will whats motivating Humpty Dumpty to reduce is the elections. any reduce we need the reduction be we wont vote for you.
RB 72, in your dreams brother.
Vote for H H the man that has the best policy on fuel prices for Zed
Iwe magande what are you saying?
RB..may i be so bold as to say the reduction in fuel prices is not your doing but the price of oil on the global market..please dont treat us like children!!!..
Please where there is due let us give it to one who disever it. My elder brother Chilufya M. Sata. Can’t make a good president of Zambia. Things are on record, the reason why Chilubu did’t give ba Sata presidence he knew him as a man with no quality. Sata is only good at making noise. Its upto to you know what you will be doing with your vote.
Magande very quiet lately!
Bashi Chilufya you are good at talking. Remember what happened when you supported the third term,only to found yourself out of the game. Just pray to our living God if sure you were meant to lead this nation things will come your way.
RB.Cheap politics
GIMMICRY! MWANAWASA COULD NOT CONDONE THIS. WE HAVE LEFT MMMD COZ CHA OPENER EVERYBODY IS BUSY FINISHING BUILDING HOUSES READY TO SHIFT AFTER 30 OCTOBER. DONT CHHEAT US THAT U CAN WIN. THE WRITING IS ON THE WALL.
WE ARE IN THE BOAT. IT IS TOO MUCH OUR HEARTS ARE ACHING AND RB YOU WILL ANSWER QUESTIONS SOME OF US WE LOVED MMMD AND SACRIFICED A LOT SHAME. THE BOAT IS SWEETER AND COOLER! CHI RB….WEEEEEEEEEEELU!
fuel tefyo ba bwesha ifi its true rb will ride on any thing just to get to plot #1
DO it this week i need to drive to RSA with my family for Christmas.( more money in our pockets) Viva sata petrol will be 4500 kwacha
Are you going to pay civil servants this month? No wonder magande is quite, is it Chitala telling you those fuel tricks? Mulandu wanu aBanda.
# 6 RB, or Magande do not determine the price of fuel but the price of oil on the world market dictates which direction it goes. So it is wrong to give RB or any of his MMD chronies praise for this.
All this politicking is a waste of time. Voting for old people to take care of Zambia’s future is an unnecessary experiment. Lets vote in a person who has an interest in the country’s future. Vote H H. It will be an investment.
Anyone with half a brain knows that RB and the MMD have nothing to do with falling fuel prices. This is determined by trading in the commodity markets. When oil prices increase on world markets our government does not take the blame. Why should they take the credit for falling prices? RB has a big problem in that he thinks Zambians are as dull as he apparently is.
bamayo ba anna chifungula bakaba nenchito yakuchita audit ama books. sata olo hh should change the law so that whoever is found to have misappropriated money for the sake of the campaigns of rb, a.k.a nyama soya, kukakwa.
LATEST: Masebo was heard on Friday saying “how can they go to chongwe without me. it means sibanifuna!”
HH is a jerk he was again repeated that he will now not draw a salary he has good intentions but he does not know what that statement can not work in zambia but in a place like bostwana
As the saying goes, you hit the nail on the head no#16. After that comment I shall not comment on politics here again. Why can we not allow the urban voters just this once then 2011 the whole country after enlightenment should vote. It is hash but that is the only way. May God bless Zambia
If I was a youth that had reached voting age and I were not allowed to vote because the voters registry of 2006 is going to be used again, I would be really angry. And with me probably a few hundred thousand others that reached voting age after 2006. They are missing out on their democratic right to vote!
He is doing things the Kaunda era way. Shame on Banda, hopefully he loses the elections.
Thanks RBB for those reductions and please reduce more and more in the next 11 days. I believe the Presidential elections on 30th October 2008 will be free and fair. I am thus busy compiling a voting pattern to expect. I will post the results shorly on here.
Countdown: 11 days and we are counting.
Vote for ecHi-ecHi for economic indepence and one Zambia One nation enhancement.
YES YOU ARE RIGHT LETS VOTE WISELY.VOTE RB. some bloggers sound like sata. RB reduces prices its political. He says its because of what is happening world wide.They its surpose to reduce further.Please make sense. I have finally made up my mind! I won’t vote Babwato I will vote RB. He is making sense. Sorry fellow Bembas lets give UP tribalism. I will Vote RB even though he his from Chipata
#43, now you are talking sense. Bemba-Tribalism will not take Zambia anywhere.
Fellow Brothers and Sisters, Zambian Citizens, this is not about Sata having a chance to rule Zed. This is about securing Zambia in safe hands that we can trust. What is the position of Sata on the NCC?
Ever since the PF of Sata was conceived, it (PF) has never had elections to elected its leadership. Do you think Zambia will have Presidential elections in 2011 should Sata win this election?
The can simply create anarchy in the country like he did in Chawama during Chiluba’s reign and declare a state of emergency! Sata can never be trusted on leading a Country, please Bembas.
dumpe shud be as low as K3,500 now !! and believe u me,u will get my vote and all relatives of mine…when are u reducing?
Halo, tu votele michael sata, pabwato, mwa mukolo. RB and price slashes, may lead us to coupon days, i shudder to think what else the image builders are telling him to say, cement for one bobo, in UNIP days my granny slept muchulu coz of such politics,,, NIPA BWATO FYE,
CAN SOME ONE SHADE SOME LIGHT ON THE RUMOURS CIRCULATING IN
LUSAKA THAT SPOUSES AND CHILDREN OF PROMINENT PEOPLE IN THE MMD
MMD HAVE STARTED LIVING ZAMBIA FOR EUROPE FEARING FOR THE WORST
SHOULD COBRA WIN THE ELECTIONS…..WE ARE WATCHING YOU…HOPE OUR TREASURY IS INTACT…..MR MAGANDE WILL BE THE ONE TO ANSWER
ALL CHARGES CONCERNING THE TREASURY….THE BOAT IS COMING…ANDIT FEELS KOOL IN THE BOAT…BOAT….BOAT….BOAT…..BOAT
pure politics,why reduce now and not before?