The Zambia Competition Commission (ZCC) has welcomed government decision to hike duty on fuel from five percent to 25 percent.
ZCC Executive Director Thula Kaira said the move is necessary in protecting the energy sector which is key for the development of the country.
He explained that government should always be there to protect the local industries if the nation is to see growth in different sectors of the economy.
Mr. Kaira told ZANIS in an interview in Lusaka that Indeni oil Refinery Company and TAZAMA pipeline Limited are capable of producing enough fuel to supply the local market demand.
“Indeni is very capable of supplying oil that can be enough for the local market.” he said.
He explained that there is no need for Oil Marketing Companies (OMC) to import fuel when there are companies within the country that produces the some commodity.
He noted that OMCs can only import fuel when there are not enough stocks to meet the local demand.
“OMC should only think of buying fuel abroad when Indeni and TAZAMA do not have sufficient stocks.” he said.
He said Indeni and TAZAMA plays an important role towards the development of the energy sector, hence the need to promote the companies by buying all the oil products in the country.
The ZCC Executive Director pointed out that people in the energy sector should develop the mentality of ensuring that they utilize what is in the refinery reservoirs before thinking of importing it from some way else.
Mr. Kaira observed that government has been facing a lot of challenges in producing fuels that ends up in reservoirs and does not save its intended purpose.
He has further challenged OMC in the country to embrace the decision and help government develop the energy sector.
Last week Government increased duty on fuel from five percent to 25 percent saying the decision is aimed at discouraging dealers from importing finished petroleum products but buy fuel from TAZAMA and Indeni and prevent them from collapsing.
ZANIS/MM/MKM/ENDS……
:d/
Broadban bakamba
=))
Build Zambia, buy Zambian!
#’s 1,2 and 3, more like Ka maureen
:)>-
=d>=d>
#4 Nishani ? Bonse nifwe bamalonda ( Armcor, Securicor, G3 etc) thats why we are all online this time. Abanensu balelya
But why is fuel still above a dollar in Zed, nungu fima protection protection tafibomba mwe!
Ba Maureen
Please!!!!!!
LT is bad for one’s reproductive capacity because we spend late hours ONLINE when you are supposed to be ONTOP. Chao see you mailo.
Casey Khisho
Guys please spare me naseka pafula,I want to go to sleep,but at the same time ndefilwa. :-j:-j:-j
Ba Maureen
Please dont go!!! [-o<[-o<[-o<
#9 Ya sorry nachilaba ko 8-}
#12 I feel bad but i really have to go. Its morning here and I gat to go for Ante Natal pa nine o’ clock
#14 Ha!! I am tyomped by your comment @ #10, But very Hypnotizing though. Its true. Naine so appa, appa, nalashimya, laptop, kuti bambi ba kulila mwe!
bachita postpone
Elyo nomba, what was 5%. and now 25% of what?
#12 Matworld-Nice guy, keep praying for us now, naine so apa jobeko, kuti wapona. But will be in SA for world cup, pa Joburg ahah. Tizabwela kuvuta baba uko, nangu vibazenofobia, tizachita veve!
Good move mulemona ba indeni na ba TAZAMA bakala lya ifinshi,give them business :d/
At shani…am King Cobra spokes man of the popular party and President Micheal Sata the most loved even by his enemies but in opposition. am here to either bite or spit on anyone playing with PF…Eee twaisa, twabola, twabwela, elyotwaisa Odi pano amuna okudyiya sima choimilila…no mwelasoup mukutamanga basopo.
# 2. Ba Maureen
Its Broadband, not Broadban.
We have a saying in Zambia, “Things you see only when you are grownup already are a problem.”
I am new on this blog and wouLd like to encourage bloggers to stop being ‘credit crunch’ contributors and join ME ETFPOS for quicker future monetary solutions..
The Global financial crisis will not improve if we continue using our credit cards,,.. As your new year resolutions ,cut away all your C/C and start using cash and EFTPOS in all your transactions…
I COME WITH GOOD WILL :)>-:)>-:)>-:)>-:)>-:)>->:/>:/>:/>:/>:/>:/
Kaira (zcc)is right pls protect the local industry but only if it is profitable to the ordinary Zambian.
Amadilu yafulisha pa Zed.Ati shani Ba Tata ku local gov.
I only hope that this will not trigger fuel pump increases.In most countries a litre is less than a dollar but why is it so expensive pa ZED.
The first Performance appraisal on this Govt by the Zambian people will be held on 1st Feb 09 based on the 3 months probation period.The second performance appraisal will be held 1st May 09 based on the 6 months probation period afterwhich the Zambian people will decide based on the outcome whether to ask them to resign honourably or if the performance is positive then a yearly performance appraisal will be conducted on 1st November of each year until the elections in 2011.This will apply to every Govt that will ever rule Zambia.LT please come up with topics relevant to these assessments on the due date to give an opportunity to Zambians to fairly & objectively assess the Govt.
Ba Maureen
Please dont continue stepping on peoples toes. Be nice.
I beg to differ with this Kaira. Indeni able to satisfy the local market? Since when? Eebufi tulanda. Alaa! 😮
:)]:)]:)]:*:-<:-@:-s:-c:|
Am a big fan of be Zambian buy Zambian but I’ve been let down too many times. How Zambian am I supposed to be? Okey fuel, Zambian or not I will still buy but at what cost?
This is a fantastic move by govt in order to protect the local industry (Indeni).
This should be the same about many other areas of our economy. We should do the same about cheap goods from south africa; why should we import vegetables from South Africa when we have plenty here. why should we import fresh milk from RSA when we have plenty here.
So for some goods we need to simply raise import tax to hinder their impotation so that we can ecourage growth of our local firms. For some other goods we simply need to burn them, eg. why should we import tooth picks from China and other countries instaed of making our own. I can assure you that even street kids if helped can produce tooth picks.
You guys have no idea. Fuel at less than $2 is very good price for a nation that does not reserves and has only one refinery built by KK. Friends Zed needs another pipeline from say the Eastern board West Africa offshore or Brazil Pre-salt oil.
We also need another refinery more central say around the Mazabuka/Kafue area close to power and good water supply.
Good planning is needed. Indeni is more than capable of meeting Zed’s energy needs but who owns it? Total, an OMC more likely to benefit from imported refined products than Indeni refining Middle East Oil (Iranian/Iraqi I suspect – where no Multinationals operate)
BUSHE BA MAUREEN MULIBATUNTULU? MWANSEKESHA
I heard that fuel in Botswana is around 3.200 Kwacha per litre. So we are still paying way to much here in Zambia! And I believe with the OMC’s not being able to import finished product we will have queues in due time again because INDENI will shut down again for maintenance work sooner or later.