Energy Minister David Mabumba says the recent increase in fuel pump prices as announced by the Energy Regulation Board (ERB) indicates the removal of fuel subsidies on fuel by the government.
In a ministerial statement in parliament this afternoon, Mr. Mabumba says this is in line with the decision the PF Government announced in 2014 to remove subsidies on fuel in order to promote cost reflective tariffs in the energy sector.
Mr. Mabumba says government has spent US$ 200 million on fuel subsidies from 2014 up to the time the subsidies were removed.
He says this was becoming a burden to the national treasury as well becoming unsustainable.
Meanwhile Mr. Mabumba has announced the closure of Indeni Oil Refinery for routine maintenance from October 19th to November 30th.
Meanwhile, the ruling Patriotic Front has described as illogical accusations that it lied to the Zambian people that the price of fuel would not be increased after this year’s elections.
PF Deputy Spokesperson Frank Bwalya has wondered how the party can be accused of having told a lie when it did not issue any statement prior to the elections to the effect that the price of fuel would never be increased.
Mr. Bwalya says the PF is aware that the price of fuel in the country is determined by the price of Crude Oil on the international market.
He says no one should therefore claim that the ruling PF is happy that the price of fuel in the country has been increased.
Mr. Bwalya tells QTV News that this is especially that PF members are also buying fuel at the same increased prices.