The Energy Regulation Board (ERB) has reduced the pump price of petroleum products by K2.29 for petrol; K2.59 for diesel; and K2.08 for kerosene, which translates into 23.13%, 28.22% and 30.76%, respectively.
In a statement made available to the media, ERB said that the wholesale prices of petroleum products have been reduced by 35.93%, effective midnight 16th January 2015.
In determining prices,according to the statement, the ERB uses the Cost Plus pricing model, which operates on the principle that the final price of petroleum products should cover all costs incurred in the supply chain.
Wholesale and pump prices are determined based on the cost of each feedstock cargo received. The cost of each feedstock cargo is mainly affected by global crude oil prices and the exchange rate of the Kwacha to the United States Dollar.
Since the last price adjustment on 8th December 2014, the exchange rate of the Kwacha against the US Dollar has held stable around K6.50/US$. Over the past three months, the World has seen the largest slump in oil prices since 2008. Oman crude decreased by US$28.58 (32.88%) from US$86.91/bbl in October to US$58.33/bbl in December 2014. The reduction in international oil prices is the trigger of the current fuel price reduction.
Owing to the procurement process for feedstock cargoes, the current feedstock cargo was purchased in December 2014 when the international oil price had fallen significantly. Therefore, the benefit of the continued drop in international oil prices is now being realized in the form of the substantial wholesale prices and pump prices adjustments.
In order to recover the cost of the cargo, the wholesale prices of Petrol, Diesel, Kerosene, Jet A-1, Heavy Fuel Oil and Liquefied Petroleum Gas at the Ndola Fuel Terminal would have to be reduced by 35.93%. The uniform pump prices would change as indicated in the table below:
|
PRODUCT |
CURRENT |
NEW |
ABSOLUTE VARIANCE |
% CHANGE |
|
PETROL |
9.89 |
7.60 |
(2.29) |
(23.13) |
|
DIESEL |
9.18 |
6.59 |
(2.59) |
(28.22) |
|
KEROSENE |
6.77 |
4.69 |
(2.08) |
(30.76) |
The new prices are effective on midnight Friday 16th January 2015. This is to allow for depletion of current stocks on the market.
ERB further said that it was, however, important to note that, as world prices of oil fall, there are still other fixed costs within the pricing model which remain constant: such as freight; TAZAMA fees and Refinery fees; taxes; downstream margins for Oil Marketing Companies; Dealers and Transporters; and such fees and charges, that need to be fully covered.
Cumulatively, between October 2014 and January 2015, ERB has reduced the prices by K3.03 or 28.50% for petrol; K3.42 or 34.17% for Diesel and 2.79 and 37.30% for Kerosene.
According to the ERB pricing model, if subsequent procurement of feedstock is made while the falling trend in international oil prices continues and the exchange rate appreciates or holds steady, then more reductions will be expected in the near future.
Finally, our economists and energy expert have woken up from their deep sleep
WOW!! Good governance. THANK YOU SO MUCH. 23%? KUDOS!!
Uko…HH will claim its becoz he instructed GRZ to do so when we all know why…
If there is one thing that irks and depletes my pockets when I travel to Zambia, it’s the price of petrol. I don’t even know how authentic the grade of the petrol is because it burns out so fast. Someone should look into this.
PF nafuti nafuti
IFINTU NI LUNGU
LUNGU E FINTU
Hooray!!!!! My President HH has delivered again…”me too”
Who is calling the shots in Zambia, te apa…..
Viva HH and UPND
Sign of a working government.
When HH said he will reduce the price of fuel (listen to his campaign song) they called him a dreamer. When he gave government a one week ultimatum to reduce the price of fuel, they called him a mad man. Now it’s too, me too, me too….who is in charge?
Viva HH and UPND, 6th President of Zambia, five more days to go
Now let the effect trickle down to the ordinary citizenry by reducing the cost of transport for both short and long distances effective Monday January 19, 2015. Reduce it by at least 20% and 30% the utmost.
This is way overdue….
And this has nothing to do with PF or UPND, international oil prices have reduced.
Meanwhile HH2015
THIS HAS NOTHING TO DO WITH HH. IT WAS OBVIOUS. IT IS THE SAME HAS SAYING “I demand that the sun should rise tomorrow” WHEN U WE ALL KNOW THE OBVIOUS. To prove let him demand something away from the obvious things..
HH wanted to reduce without doing any calculation just because it was reduced at the international market, the real gvt does evaluations b4 doing any changes, viva PF
Viva HH, you instructed ERB to reduce the price of fuel from the opposition. Things will really move fast when you are in the driving seat next week.
@Wesoso- Get your head outta your butt and start thinking straight. ERB’s decision is commensurate with the world oil price which has reduced from $89 to $48 per barrel within the last three months. And do not get your hopes up. PF have campaigned vigorously in Central Province, it could be over before it even begins. Am just saying; BE PREPARED!
VIVI PRESIDENT HH .He is already governing .Fuel will drop further next week after election.Meal meal will be 10pin cheaper.No wage freeze.
Next HH will say ” I demand that on Tuesday we should have elections”…Thats a leader “with a vision” for u..
HH lies a lot…..his informers at ERB inform him that gov’t is going to reduce the price of fuel,he rushes to the media and demands that govnt should reduce fuel within two weeks:his informers at Ministry of justice leaks the road map for the constitution to him,he rushes to publish it as his own road map….ba HH ubufi bwachila,muleisebanya. Vote PF
****The Axis of Evil****
Ref: Maureen High court case
See how they are coming out in their droves like bedbugs or wood worms for character assassination. She (Maureen) will take then to task and they will be grilled – mark my word and you can crawl back from where you just popped up from. Damn – disgruntled good for nuts. I am ready! Bring it on.
Dead and buried at Embassy Park!
1. Gen
2. Robin
3. Nubian Princess
4. 2020 Vision
5.. Big L
6. Mo Taim
7. Senior Citizen
8. Katondo Boys
9. Yamba Yamba
The Redeemed ( jumped ship at the right moment )
1. Mushota
2. Saulosi
VIVA HH VIVA UPND
LET THE VICTORY DANCE BEGIN!
HH gave them a week to reduce the price of fuel and they have adhered to it. So who is ruling? You read but you do not understand. You Zambian never seize to amaze me!
Are they reacting to the deadline given to them by HH?
Finally ERB has seen the light and the sense to pass on the reduced fuel prices. It is the first time I have seen this. I won’t evenbe cynical!
THE REDUCTION WAS STOLEN BY SOME UPND OFFICIAL FROM GOVT .KIKIKI.
ME TOO FOR SURE.
They were told by HH. Viva flight HH 2015.
KK = Freedom fighter
Chiluba = Labour Leader (fought for workers, improved economy)
Mwanawasa = good lawyer. Improved economy. HIPC ( all debts cancelled)
Banda = Zambias best diplomat. Kwacha strongest during his presidency. Roads
Sata = served in 2 governments. Debts reached highest in 50 years. Pangas introduced.
Lungu = failed lawyer! clients complaining. No track record of any achievement.
H H = Self made millionaire from rugs to riches. Successful farmer and party leader. Clean record. Good leadership qualities. VOTE HH for a better ZAMBIA.
“Don’t worry my son,” Mwango said. “I worry more about you my children than myself. I’ve lived on earth long enough. It’s your turn now. The future is in your hands.”
“No, dad, my future is in your hands. Just as you’ve paved my past years, you can do it again this January.”
“What do you mean?”
“You should go in the voting booth and vote for me,” Chileshe said.
“I still don’t understand. You are not standing for anything.”
“I am. One of the candidates on the ballot paper is me. I’m the one with a vision. If you see a Lungu in me, vote for me not because I belong to Sata’s party, and wish to carry his legacy and vision, but because I have my own vision. If I don’t, don’t. If you see a Hichilema in me, don’t vote for me because I am Tonga. Vote for me because I have a vision…
Iam sure some UPND supporters believe HH does not phart…just saying… because it seems all the positives in this country are HH pressure.. even when its too obvious.. the guy is like a god to some people here
Edith is articulating very well. She is so far the best speaker on live HOT FM radio debate.
How I wish she had come on the scene much earlier and Dipak Patel was her Campaign Manager. Dipak would have made her the President.
Edith very impressive. Green Party is funny, but do not write his idea off. World is opening up to marijuana. It can be a very good export industry for Zambia. They grow marijuana in pots inside their houses in Europe and if steady supply can come from Africa, they will be happier in Europe.
HH has rehearsed his talk. He is busy in fault finding and not what he will do. Edith is the best. She has foresight and has experience as a mother and as MP and Minister.
The tragic story of farming in Zambia, cash transfer to every community in Zambia-Edith is speaking. She is explaining FRA-strategic Reserve, HH was just blank, playing politics. She is talking so nicely, strategic thinking.
ONCE AGAIN THE PF GOVT HAS DELIVERED…A JOB WELL DONE BA PF WHICH IS WHY ZAMBIANS WILL VOTE FOR EDGAR C. LUNGU BOTH ON 20TH JANUARY, 2015 AND AGAIN IN 2016!!!
January 21, it will be announced…Edgar Lungu is leading in the elections
January 23/24 it will be announced…Edgar Lungu has won the elections
By the first week of February it will be announced…HH has resigned as UPND president..
****VIVA EDGAR LUNGU 2015 AND 2016****
Edith rocks. She is coming out the best in the debate, followed by Elias and Nevers Mumba. First half it was Elias who was second to Edith and now it is Nevers speaking well
good vision, but will he stick to it?
Will they stick to it?
HH is very disappointing. He is parroting and looks more of talking to subordinates and not to Voters.
Good. Anything that will make life easier is welcome. The timing is opportune, I’m sure but overall this is better news for those back home. Keep the reductions coming.
IT NOTHING TO DO WITH ELECTION(S) BUT JUST WHAT THE MARKETER AT ERB. SIMILAR REDUCTIONS ARE TAKING PLACE EVEN HERE. YOU ARE A F00L IF YOU THINK IT’S BECAUSE ELECTION TIME, THOUGH OF COURSE IT’S GOOD COINCIDENCE AND ADVANTAGEOUS TO GOVERNMENT IN OFFICE.
The timing is opportune. Understand it any way you like. Just like the fall of copper pricing right now is inopportune. Grow up Peter. You and I know each other well enough by now.
The current price of more than $1.00 per litre is still very expensive going by what’s currently happening on the global scale.
Expect the price to be around $0.60 or in the language we know just under K4.00 per litre.
Had the price reduction been implemented timely (as and when prices fall on the international market), the effect would have been felt on the common man on the street by today. i.e., prices of goods and services would have reduced the Levy way. Missed opportunity by arrogant-know-it-all PF leadership. Viva HH
Now the effect of the reduction I fuel prices should trickle down and we should see a change in
a) Transport costs
b) food costs
c) everything
This is better though its a campaign propaganda … long overdue
very soon HH will become very useless only his his tribesmen will cinsuder him relevant. meanwhile ifintu ni Lungu
Bear in mind the global prices are down around 60%… so there is still room to outmaneuver this by ANY person who enters that office…
What has HH to do with this? You are just a hater. Infact its HH who has pressurized these people to reduce the price of fuel. Thanks for the ultimatum given by HH. He is really driving the economy for the betterment of all Zambians.
Tribal tribal tribal tribal all the time. This is shameful those who produce such words…meanwhile its HH2015
@Impako the more you talk of tribalism the more popular HH will become.stop this hate.when time has come for someone to rule it has come.Remeber the whith heads wanted OBAMA to lose or die.what happened OBama won.Chanda chimba called Sata all the names but sata won.HH will win this time no doubt.
Please, thank HH for this reduction. Lungu is not even aware that the price has gone down. GoooooooooooooHHHHHHHHHHHHHHHHHHHHHHHHHHHH
ifintu ni Lungu not Hakaikotele heka
very soon HH will become very useless only his his tribesmen like Munkombwe will consider him relevant. meanwhile ifintu ni Lungu
Its neither HH nor EL that have caused the drop in the fuel prices because none of them belong to OPEC.
Its been long overdue and obvious nothing political.
HH is useful hence the reduction. he gave govt 1week to reduce the price of fuel because he was going to do so next week. Lungu is useless, very drank in Mufumbwe, and you support him-shame.
HH zambia forward bakamba
Its like HH is already ruling whatever he says happens.The rest say….AND ME TOO….Nurses,,,,,AND ME TOO……Constitution,,,,,AND ME TOO…….Chitimukulu,,,,,,AND ME TOO……….Reduce fertilizer price,,,,,AND ME TOO..
Haha..HH was informed about the reduction by some of his spyies hence him mentioning he would reduce the price..THE MAN IS A FRAUD!!! WHAT HAS HH IN HIS OWN CAPACITY AS A LOCAL TYCOON OF SOUTHERN PROVINCE EVER DONE FOR THE PEOPLE THERE EXCEPT EMPLOYING A HANDFUL AND PAYING PEANUTS??? NOTHING THE MAN IS A FRAUD AND YOU WHO ARE SUPPORTING HIM ARE SHEEP THAT FOLLOW WITHOUT THINKING!!!
January 21, it will be announced…Edgar Lungu is leading in the elections
January 23/24 it will be announced…Edgar Lungu has won the elections
By the first week of February it will be announced…HH has resigned as UPND president..
****VIVA EDGAR LUNGU 2015 AND 2016****
Finally the ultimatum given to Govt has been met in full. It reminds me of the recalling of the late president His Excellency MCS by the incoming President His Excellency President Hakainde Hichilema when the late president was window shopping in London. He urgently came back with his entourage just to comply to the incoming President’s ultimatum. Indeed history has a way of repeating itself. Even in the midst of weakening Kwacha, they have reduced fuel prices. PF is indeed in very panic mode.
ONLY F.O0LS LIKE YOU DONT FOLLOW ERB OR ZNBC NEWS CAN CLAIM NOT TO HAVE HEARD THAT THE PRICES WERE TO BE REDUCED BY 15 JAN 2015. THIS ANNOUNCEMENT WAS DONE IN DEC 2014!
You have a small mind that is the dedicate micro/macro economics.
Viva EL
Thats more like it, keep in mind that its an international thing, noti ati govrnment effort for campains…
@ Papa Shi mwana
you are right. Oil prices on the international market have fallen by 40-50% plus. This trend started way back in June 2014. This cannot be attributable to political pressure. But one thing that has disadvantaged Government is its lack of leadership or clear cut position on the issue. Last week Scot said fuel prices will be reduced further in 3 weeks, but the opposition demand immediate reduction with a weeks ultimatum to that effect. So this will be perceived as credit to opposition; ‘Me too also’ syndrome.
Bear in mind that this is the first time fuel prices have been reduced in Zambia to be in line with world fuel prices.
This is somehow a reasonable reduction compared to the previous one. However I have tis against ERB! When increasing fuel prices it is ever done with immediate effect and now that they are reducing they will have to allow for depletion of current stocks on the market?? No heart for consumers.
HH isn’t the guy who pressurised government but international market of brent crude oil. These prices are yet to go down again before they start to rise again, so HH shouldn’t take a credit for the sanctions imposed on oil producing countries.
@mj banda So you don’t agree with me that HH is the one who fought for this decrease? HH knew oil had been fallen at the international market thats why he said it.Its not of rate whan the reduction occured nooooooooooo its past in june last year.So HH knew the government was being unfair to retain the same fuel prices and now this PF has agreed to reduce so that poeple who are foolish like you asre easly blind-folded that they are a good government hence to be voted into office again.thats is why the pf was static developmentally in the last 2 years and seeing that the by-elections are lose they are pretending to be working masata manyoko.HH is the man we want i think ediga is even impotent i have never heard of any of his children in zambia.Edger is uncultivated very dull
Give merit where it is due! HH put pressure on governement. In the past we have had situations where the world fuel prices have declined yet governments here have never passed this onto the consumers. If it is not HH then it is a form of campaigning for PF.
Good Job,
But ERB must explain why price for LOW SULPHUR DIESEL remain unchanged.?? further, the prices not uniform : In Lusaka its K10 while in Livingstone is ridiculously K12.
Please ,look into this matter urgently.
transportation cost when you compare delivery from indeni in ndola to lusaka and indeni to livingstone. A truck has to travel that distance and these trucks are not government owned the cost of transportation is the factor.
CORRECTION: question was why LSD has never changed and nothing to do with your response
Good for the country! Ultimatum or not the ERB has been reducing prices starting with minimal reductions last year and they had promised to give a significant reduction by end of January in line with falling global prices. What is important is that Government has done what is expected and within promised time frame and the opposition through HH did a good job to remind them that further delay would be unjustifiable!Let us hope the price of crude oil stabilizes at some low level and then with promised further reductions through efficient procurement from the two top presidential contenders then price can even go lower to give us more relief!
Everywhere in the world prices are dropping and I don’t know why hh supporters are so excited infarct it has been long overdue. wake up dreamers.
Uyu wine ukalenga u bunga na fuel kuchipa…surely Zambians if we can’t give this one to HH then…..
Vote FlightHH 2015
HH, is still way off just face the facts, EL will pick it with simplicity. Next the exchange rates to follow suit just below K5 and the cost of living and production will be manageable.
Its good I only hope its not a campaign strategy, because this is long overdue.
Thank you Mr. Hichilema! and good for PF for listening and implementing what you said in the timeframe he told you to!
It’s only right.
It wasnt for HH, its the world market dynamics. VIVA PF
@Mulrnga
Yes, o learned one, it was the world markets, but Zambia needed a nudge to do the obvious.
the nudge came from Mr. Hichilema, echoed by Guy Scott and finally implemented, as is custom these days.
HH HAS DONE IT AGAIN BUT PLEASE FELLOW ZAMBIANS DO NO BE FOOLED BY PF BY VOTING FOR THEN FOR WE WILL HAVE NO ONE TO BLAME WHEN THEY INCREASE AFTER WINNING VIVA HI PUSH THEM MORE
Ati ni HH this tribal party.PF is working govt in Zambia
Vote PF.Pabwatooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo nafuti nafuti.Mulekeni aleisa alesia alepitilila ku Hachoma!!!Efintu ni Lungu tatulefwaya icinto shonse ukuba ishabatonga.They busy threatening pipo that come 20th Jan U’ll knw where to go.atase bane can u allow such pipo to govern u?Hellllllllllllllllllllllllllllll nooooooooooooooooooooo
Mune nawibukisha my Zambia Railway yakale. Ngatauli mutonga no promotion
This is not politics. ANyone who votes based on this is just uneducated. The Brent Crude Oil price has passed the hurdle reducing to $48/ barrel from an initial $89/ barrel. This reduction is just a reflection of the change in price.
@Lord Voldemort (The Dark Lord), in fact if people are really interested in facts, all they have to do is checkout the ERB website and read for themselves. But most Zambians simply love to argue without facts.
There is press release (Nov. 2014) on the ERB website discussing this very issue. After all ERB was already reducing fuel prices, though not by much. But these huge reductions were dependent on the model Zambia uses. That is: “The Brent Crude Oil prices passing the hurdle of $48/barrel from an initial $89/ barrel” like you have correctly stated.
So whether Lungu, Hichilema, Nawakwi, Chipimo, or Mumba said it, these reductions were anticipated after the price of crude went past the $48/barrel threshold.
Please people go to the ERB website and get educated/informed!
congrats to Eddy for making our lives easier . We applaud you for this reduction. Ifintu ni pabwato
Kikiki HH is a thief!!he heard that Govt is reducing fuel next but the first to announce that i’m ordering govt to reduce fuel.Fake party of cheating and lying.Tonga party is not good in zambia.we are tired of this tribal party.Mwamukolo.Vote PF on 20th jan
@moscow op
Please not this tribal hate songs its primitive and backward. less debate the issue with facts and respect for humanity. One zambia one nation.
We need HH to remain in the opposition to continue pushing for these reductions.
He is the only opposition who can force government to reduce prices.
Keep it up HH and thanks for giving ERB the ultimatum to reduce prices. We need more ultimatums so please HH remain in the opposition
We all knew this reduction will happen soon. Even a guy as dull as HH knew.
Hammer them. Next tell Vodka Lungu no beer and Guy Scott no Scotch Whisky.
Faka pressure HH.
Where is Mwana Wanyoko this afternoon?
He should change camps quickly otherwise no terminal benefits for big nose RB.
HONESTLY, WHO IS HH TO ORDER GOVERNMENT? Please stop putting an ordinary person on the authority he doesn’t possess..
Its the PF Government at work and delivering on its promises so I don’t see any other trying to claim credit. Next its fertilizer and finally aka ubunga.
We are yet to see great great great things under Edgar Chawa Lungu.
Ni pa bwatooooooooooooooooooooooooooooooooooo. Viva EL.
Bwatomba bwabunda
Wow!!!. I last visited Zambia 8 years ago and I didn’t know that we can have nice buildings like the one on the picture. This is good news. I hope we can have money nice and clean building like the one in this picture to attract investors who also look at image as one of the criteria for investment.
Edgar has yet scored big time. First release of draft constitution, second detailed constitution road map, now fuel prices.
Can HH who claims to all cows in Zambia reduce the price of beef per kg mwebantu? Don’t talk, act.
Viva Edgar Lungu our sixth President.
Those cows you are at liking about are owned by HH, they are his own. What does yo Lungu own? Nothing not even a filling station, just waiting to plunder from government with yo help.
Actually I doubt this corrupt government would have effected this reduction if HH had not said Something. They would have kept the prices high and pocketed the difference. The only reason they did it despite the lower oil prices on the commodities market was becuase of the election but more importantly because HH demanded it. Zikomo a sogoleli atu a HH. Thank you to our true leader mr HH.
Wonder if any farmers were actually paid today!
SAVE OUR FARMERS VOTE HH! !!!
@wesoso,truly you are a chisoso.The reduction of fuel price has NOTHING to do with HH.The fact is the fuel price has reduced world wide and everything country in the world has benefitted from thi drop in crude oil price drop!!Ubututu!!
Yaba! Tulebanaya ba UPND. This time around it will be a very good beating so they learn to be humble. I can’t to wait to see them quickly acquire humility and maturity in their conduct in Parliament. Ba Konse!
UPND’s know it all syndrome ilambaba! The guys think they are the only ones bestowed with knowledge.
Your stubbornness and uncultured behaviour shall condemn you in opposition in perpetuity.
Let those with ears hear.
These are the benefits of multiparty politics and thanks should go to the MMD for introducing multiparty politics. The cost of living was high in Zambia under one party rule because of sanctions against South Africa which was the cheapest source of goods but in 1979 Kapwepwe wanted to stand against KK and promised to lift the sanctions to bring down the cost of living. Before Tazara Zambia was exporting copper by air because the southern routes were closed. KK was forced to lift the sanctions to outsmart him. And so why shouldn’t the PF not take advantage of the low price of oil to outsmart UPND? However, the downside to multiparty politics is that tribalism has reared its ugly head and if we are not careful Zambia will go up in flames.
But PF said they can only reduce fuel prices after the elections. Maybe I am wrong.
Yes they said after three weeks to clear old stalk but they have changed because HH exposed them.
@what a life. The fact that PF was able to reduce fuel prices has nothing to do wit HH. However the fact that they did reduce fuel prices has EVERYTHING TO DO WITH HH. This government would have kept prices high and pocketed the money. They only did the right thing because of the election and pressure from HH.
By the way do you personally know of any farmers that got paid today?All the ones I know are still waitingSAVE OUR FARMERS VOTE HH! !!!!
Today isn’t Friday.
Twatotela Ba HH. You gave them one week and they have adhered to your demands. Even ERB is aware that you are the next president and you are the only one with a voice at the moment.
Only a F00L is still doubting in his small mind that HH is the 6th President of Zambia.
Faka pressure HH. You have my vote no matter how much bloggers insults you. I have made up my mind to vote for you and nothing will change my mind. Last time I voted for RB and my attention has shifted to HH due to progressive ideas to move this country forward.
Viva HH
Thanks to HH, he made them reduce, “me too”
Forget about Vodkar, no clue whatever, is happening in the world
Faka pressure HH next they will be reducing mill meal HH the incoming president.
The effects of this PF move is great and recommendable by all. Transport costs will be reduced, bus fares will be reduced, bread price reduced, farm produce reduced, essential commodities reduced.
There is nothing to promise the Zambians now by the opposition because everything is happening in favor of PF government. Next, is to build huge huge Storage tanks for Stocks to last five years such that even if oil prices start to go up, the prices of commodities in Zambia will still be low.
Vote Edgar Lungu, Vote PF.
I like the idea of storage facilities so that as a country we are not almost immediately affected by any external factors vis-a-vis oil prices.
The storage facility enables government to procure more when the prices are low and reduce when prices go up.
It takes time to feel the benefits since we have to endure the cost of putting up these facilities. I can see light at the end of the tunnel.
I don’t like it when people talk like fuel is produced in Kabwe.
Sometimes ignorance is good. Sometimes being uneducated is good. Sometimes not having travelled to other countries to see how other pipo live is good as u will have no basis to compare yourself with. Sometimes being a fool is good. Sometimes being dull is good. Sometimes being docile is good. Sometimes having the mentality of a poor person is good. To be honest, before MMD came to power in 1991, I used to think that queuing for bread, mealiemeal, bus to jump onto was normal & was the way of life world over. I was living in a closed society. HOW MANY OF US ARE AWARE OF DEVELOPMENTAL OPPORTUNITIES WE HAVE been MISSING AS A RESULT OF HAVING CORRUPT AND POOR LEADERSHIP? Zambian pipo let us VOTE wisely. Yes, we have been in bondage for too long. TIME IS NOW TO LIBERATE OURSELVES.
HH is used is used to crooks law. He heard from his relatives at ERB that fuel will be reduced and he rushes to the press.His cronies stole the road map for the constitution he also doctors one.No wonder he flopped in second year at UNZA as they say.
This is the way forwad!!
Viva PF….IFINTU NI LUNGU.
Thank you HH for putting these guys under pressure
My economics tells me that before price reduction of any commodity, you need to study and understand the factors at play and the forecast made thereof. This is what PF Government did, no rushing but ensuring that they get the necessary data to avoid pendulum type of managing as demanded by the so called “economic manager”. What surprises many is HH the only economist in Zambia? Even if he was, what has done to uplift the lives Zambians including his home village?
I need him to debate with me ’cause I know he is no match.
I truly weep for my country. I would hope that the majority of bloggers here would see more of the economic rationale in the decision taken as opposed to who made who do what, seriously? I will attribute it to election fever for now and leave it at that.
Most of the b loggers on here do not have an understanding of issues, they comment with emotions and not reason unlike you my Chick from Olympia Extension. Do not blame it on elections.
LOL.
People are funny.Every shift in the economy of the country has to be politicized now.Heaven knows if this is just blunt illiteracy or pure ignorance.In a statement made available to the media, ERB veritably said that the wholesale prices of petroleum products have been reduced by 35.93%, ‘world-wide’.For someone,anyone to come out on any social platform and attribute the reduction in Global fuel prices to the endeavors of Edgar Lungu or HH or any Zambian Political figure for that matter is just plain-innate-stupidity (am sorry i cant think of a better term than that)…..At this pace we are moving i wouldn’t be startled if a human figure showed up and exclaim the sole reason why Mayuka has never scored in the EPL is because of the political system in Zambia.
South Africa just did this (same%) two days ago. It has nothing to do with elections mwefipuba imwe. Problem is you don’t watch current affairs. You just busy blogging all day
Kikikiki, ‘me too’. Faka pressure HH. You are seriously commanding the economy from the opposition. What more when in power next week.
Zambians ubukopo, you must be analytical this is a political move cant you see.lol
THE PRICE OF CRUDE HAS COME DOWN WORLD WIDE. NOTHING TO DO WITH HH OR LUNGU.
IN FACT IT SHOULD BE LOWER WERE IT NOT FOR THE USELESS ERB WHO ARE THERE TO FEATHER THEIR NESTS!!
MALABISHI.THIS WAS OBVIOUS,EVERYONE KNEW THAT THE PRICE ON THE WORLD MARKET HAD REDUCED.ALL THAT REMAINED WAS FOR ERB TO WORK OUT THE PERCENTAGE.NOTHING TO DO WITH HH
Yes the price of vegetables will come down. Unfortunately HH’s beef will still be expensive isnce he has no heart for the vulnerable. We shall go to vote in numbers. Ni pa bwatofye.
Kekekekekekeke, pwaahahahaha, kikikiiki ya some people mwansenkesha – ati HH gave them one week to reduce the price that is why they have reduced…pwaaahahhahaha, kiiikkiikkikiik awe bane mulebako serious. Kuti mwanjipaya!
Just cheap campaign geemicks by bene Lungu, once he’s voted into power the price will again slowly start going up
Did you even read before commenting?
What next then for HH and his deflected supporters? Don’t play with think tanks.
Viva Edgar Lungu
PF THE PARTY THAT DELIVERS, this is timely and delivered in a meaningful way, after due considerations of all data NOT BECAUSE OF HH.
Although tentatively, I agree with @2.3 OldRugsOUT, in that the price really ought to have been lower considering worldwide effects on the petrol price. Perhaps the gov’t wants to encourage some GDP Revenue. They should instead increase the price of tobacco and alcohol, the two most unnecessary items that damage the body and totally not a necessity for Zambian life.
THE BEST COMMENT IS;
“IF HH COMMANDS THE SUN TO RISE TOMMOROW IT WILL DEFINITELY RISE”
RATHER, WE SHOULD THANK THE WORLD ECONOMY FOR WINDING DOWN DEMAND.
MEANWHILE WE SHOULD WIND DOWN THE ERB IT IS A WASTE OF SPACE
When you talk first that does not mean you are intelligent, equally even in the courts of law it does n’t mean that when you testify first then you have won the case. HH has been found wanting by doing “inside dealing” i.e illegally using stolen information for political expediency. This is a person who cannot be trusted to run the national affairs of the country because such are practised in companies.Edgar Lungu is patient hence headed for victory next week.
HH, please can you order PF to pay farmers. I am aware planting season is over but the money will still go a long way in alleviating the suffering our peasant farmers are experiencing. It is like out of the 14m Zambians, you are the only one PF listens to. May u also order them to reduce mealie meal prices please. We are dying of hunger.
.Its a pity that a slender shift in the economy of the country has to be politicized now.Heaven knows if this is just blunt illiteracy or pure ignorance.In a statement made available to the media, ERB veritably said that the wholesale prices of petroleum products have been reduced by 35.93%, ‘world-wide’.For someone,anyone to come out on any social platform and attribute the reduction in Global fuel prices to the endeavors of Edgar Lungu or HH or any Zambian Political figure for that matter is just plain-innate-stupidity (am sorry i cant think of a better term than that)…..At this pace we are moving i wouldn’t be startled if a human figure showed up and exclaim the sole reason why Mayuka has never scored in the EPL is because of the political system in Zambia.
VIVA HH VIVA! VIVA OUR NEW PRESIDENT VIVA! ZAMBIA NEEDS HH TO BE PRESIDENT TO MAKE THINGS BETTER IN OUR COUNTRY. HH HAS A SERIOUS AGENDA TO DEVELOP OUR COUNTRY. HH IS 100% ZAMBIAN, THAT IS WHY HE HAS A PASSION TO MAKE OUR COUNTRY A SMALL HEAVEN. VIVA HH VIVA! KACHASO MAN IS FALLING DOWN. NIGERIAN MUSLIMS WILL TAKE HIM AWAY.
People have mature mind. the reduction of fuel comes from a long way. it is a chain of reduction from the top or countries with fuel dams . who is who to say reduce fuel price as if ALIKWATAPO IFISHIBA FYA FUEL UM ZAMBIA, you have fuel dams in Zambia
Be professional and not leaner to comment on certain issues.
Ilyashi lishikukumine litenta mputi.
Don’t just vomit just because you want to upset others. remember we are one Zambia One nation. this politician you see they even greet and have a good time with each other at the back doors.
Ponta nga ukapekala nafuti.
Amanofye kwate tamwapitako naku sukulu.
Since the price of fuel is a driving force to high prices of other commodities,with this redution we expect this to trickle down other commodities on the market that have sky rocketed.
Can we now start saying that the price of transport by commuters or long distance buses be reduced as well.
Will the operators come up with there story of expensive spare part to run there vehicles? Lets wait and see.
UPND has been stealing documents including classified ones to make pre-preemptive announcements. This is very shameful for a party wanting to govern. They don’t deserve to be near the sit of power otherwise Government will suffer.
If the government thought they could reap dividends by announcing the reductions just a few days before polling , then they were beaten to the game by HH having come out earlier demanding reductions in the face of the global reductions. This again indicates how smart HH is in looking at what is happening at the world stage and where prudent apply it to our local situation.
UPND has been stealing documents including classified ones to make pre-preemptive announcements. This is very shameful for a party wanting to govern. They don’t deserve to be near the sit of power otherwise Government will suffer.
The reduction in line annualised rate over a period since oil prices started falling
Its also a good thinking instead of fuel subsidies that leaves a funding gap in time of fuel market prices
You should not be cheated by any in time of commodity fuel prices fall,subsidies as an alternative to fuel price support are ineffective and not sustainable
Commodity prices in fuel are expected to drop marginally further over the projected near longterm
Upnd suppoters overseas the man who stole the road map has been identified and should be in cells by end of Friday.
WARNING
The REAL Axis of Evil
Currently at loose, some are suspected mental patients suffering from severe cases of DELUSIONS OF GRANDEUR, they are accused of TRYING BUT FAILING TO deceive bloggers and inciting hate by vomiting the usual tribal insults
1 Wanzelu
2 Blago
3 Wantanshi
4 Nostradamus
5 Mei Matungu
6 One Hit Wonder
7 Anderson Chisala
Under observation in the mental ward
1 Dude Love / Jessie wa mu town
2 Biggg Hhhheaded
3 Sido Mark
@LT
Why didn’t you provide a thread for us to discuss the ongoing Live debate ?
Instead we are in the Nawakwi thread recieving live updates from some very wonderful bloggers there.
Come on, you can do much better than this
So I take it no farmers were paid today. PF surely does HH have instruct you people in everything you do? The PF had no intention of reducing prices of fuel even after the drop in global price of crude. The grand plan was to pocket the gains and have the Zambian consumer continue paying exploitative prices. Now they are waiting for HH to instruct them to pay farmers. Next they will claim payments could not be processed because of the weekend.
SAVE OUR FARMERS VOTE HH
Commented by me 2020vision on 08/01/2015 http://www.lusakatimes.com/2015/01/08/hh-demands-government-drops-fuel-prices-immediately/
“I blame once again the remnants of the MMD govt that the PF did not get rid of, these bloated technocrats with their latest Hilux, Landcruisers and 4 bedroom villas in areas such as Ibex Hill are the cockroaches that are letting the good works and best intentions of PF down..however Zambians are not ***** and they know these matters are being addressed and will be addressed by the PF govt..ctn
ctn…however Zambians are not ***** and they know these matters are being addressed and will be addressed by the PF govt..lets not forget the roads that PF are striving to construct for a better Zambia, lets not forget the freedom of expression PF has maintained and even encouraged, lets not forget dear Civil servants the improved conditions of service in govt that 5 to 10 years ago seemed impossible..yes the fuel price is an issue which the PF govt is aware of and is working day and night to resolve.
*EL2015*”
I said that a week ago and lo and behold indeed OUR GOVT THE PF GOVT HAS REDUCED THE PRICES AS PREDICTED, THIS HAS NOTHING TO DO WITH HH AND HIS SPIES AT ERB WHO ARE RESPONSIBLE FOR THE HIGH PRICES..HH IS PART AND PARCEL OF AN ELITE THAT WANT TO DOMINANT ZAMBIA!!!
the reduction is excellent , more money in our peoples pocket today , time is now , support your local government !
This is a straightforward matter, but ERB are not being totally sincere, i.e. not telling the truth on two accounts: –
1.) Freight cost is a constant? No, in this case it is actually not a constant. Freight cost has reduced precisely because fuel costs have reduced.
2.) They cannot introduce the reductions with immediate effect to allow for depletion of old stock? Well, that’s all well and good, but how come they do not use the same rationale whenever they increase the fuel prices?
Guess who is pocketing more money by a deception.
This is a straightforward matter, but ERB are not being totally sincere, i.e. not telling the truth on two accounts: –
1.) Freight cost is a constant? No, in this case it is actually not a constant. Freight cost has reduced precisely because fuel costs have reduced.
2.) They cannot introduce the reductions with immediate effect to allow for depletion of old stock? Well, that’s all well and good, but how come they do not use the same rationale whenever they increase the fuel prices?
Guess who pockets more money by a deception in both cases.
The price of oil has been going down since June 2014. Its not about the fact that the price of fuel needed to be reduced. Its about the timing. The reductions should have started a while ago. If it wasn’t for the opposition pressure and pending elections, PF thugs would still be pocketing the price difference, to put it crudely.
FIFO LIFO INCLUDING AVERAGE MOVEEMNT OF THOSE STOCKS SMOOTHENED AND TAKEN CARE OF AS BEING WRITTEN ABOVE
HH sneezes and PF gets a cold>
he gives ultimatum to PF to reduce price of fuel and before the day expires,pf listens…
in fact he is actually ruling the country……………
The fuel reduction has nothing to do with HH. He is just a chancer, when he hears that the government will do that he quickly gives an ultimatum. He did the same with the constitution road map. He made one stupid chap who is being investigated to steal a classified document and passed on to him and quickly announced. what type of a leader is this one?
That is why he was outshined by Chipimo, Nawakwi and Dr Mumba during the debate last night. Kept on talking about Nurses and fuel which was not on the agenda. Very irelevent chap.
Hon Lungu did well not to attend the debate which was organised by Ka Costa and the group. How could he have attended a MUVI TVdebate when the station is so biased, always supporting UPND and demonizing PF.
See you at the ballot box. Tukamunaya.
I TOTALLY AGREE. Am sure they had prepared awkward questions for EL just to embarrass him. Let him continue visiting the people who matter- the common man no MAFI TV debates
Ifwengatwalusa we shall have no heart attacks because we have been and still in government. But when UPND loses the whole Southern Province will have a provincial funneral. Mukombwe will the the chief maurner
vote foolishly and you remain hungry for the rest of your miserable lives.