9.5 C
Alba Iulia
Monday, June 1, 2020

ERB warns gas stations refusing to effect reduced fuel prices

Economy ERB warns gas stations refusing to effect reduced fuel prices

THE Energy Regulation Board (ERB) has warned of stern action against service stations that will not effect revised fuel pump prices.

On Monday, ERB announced the reduction in prices of petroleum products necessitated by excess supply, high oil inventories, and appreciation of the Kwacha, among other factors.

ERB consumer and public affairs senior manager Fred Hang’andu said in a statement yesterday that the organisation has deployed inspectors to various parts of the country to ensure all filling stations adhere to the revised fuel prices.

Mr Hang’andu said the ERB received a number of complaints from consumers who were either turned away because some service stations were not selling fuel, or made to buy fuel at old prices.

“It should be noted that service stations which have not yet effected price reductions are liable to enforcement action, and the affected oil marketing companies (OMCs) shall be summoned for hearing soon,” Mr Hang’andu said.

He said all service stations are expected to make downward adjustments to fuel pump prices in line with new revised prices.

“The Energy Regulation Board is currently undertaking random inspection to ensure all filling stations countrywide adhere to the revised fuel prices that took effect at mid-night of 7th August, 2017.

“ERB would like to appeal to members of the public to continue reporting service stations that have not complied with the ERB directive especially through the toll-free line 8484,” Mr Hang’andu said.

Petrol is now fetching K11.67 per litre from K12.50, while the price of diesel has gone down from K10.72 to K9.87 per litre.

Various stakeholders are elated by the reduction of fuel pump prices and have appealed to the business community, especially those in the transport sector, to pass on some of the benefits to consumers by reducing bus fares.

A snap survey by the Daily Mail at selected stations in Lusaka revealed that prices have been slashed.

Some of the filling stations that have complied with the downward adjustment of the prices include Engen – Makishi in Rhodes Park, Petroda – Kalingalinga, Total in Northmead, Puma in Longacres and Libala.

Other stations that have effected the new prices are Total – Kamwala and Kabulonga, Puma – Woodlands and Total – Church Road.

Some motorists were surprised that a radio station aired a news item claiming that fuel prices have not been reduced.

Taurai Chimwendo a motorist found fuelling at Petroda -Kalingalinga said he has been buying fuel at the new prices since ERB announced the changes.

Another motorist Martha Mulenga, a businesswoman of Kabwata who was found refuelling at Puma-Libala said she has been buying fuel at the effected new prices.

“It is news to me that some filling stations have not reduced the price of fuel. Government should then start inspecting these filling stations as this is theft,” Mrs Mulenga said.

[Read 75 times, 1 reads today]


  1. Mmmmmm the government is increasing its power to instituting price controls…. next it will be bus drivers….. I am not sure if that is a good in a free market economy…. let’s hope it won’t have any bad effects especially if the free hand price equilibrium is far from the set prices…

Comments are closed.

- Advertisement -

Latest News

Prof Chirwa Has The Last Laugh After being Fired by Late President Michael Sata Over Corruption Allegations

THE Lusaka High Court has ordered Zambia Railways Limited to pay its former chief executive officer Clive Chirwa damages...

Konkola Copper mines statement on CEC threats to restrict power

Konkola Copper Mines (KCM) acknowledges having seen a media statement, dated 29 May 2020, issued by the Copperbelt Energy Corporation (CEC) in which it...

Lwipa Puma Supports Resumption of Sporting Activities

Health expert Dr Lwipa Puma believes that all sports activities in Zambia can resume saying the Covid-19 morality rate in the country has not...

President Lungu Urges Women and Youths to participate in 2021 General Elections as Candidates

  President Edgar Lungu has pledged to support woman and youths who have intentions to stand for political office in the 2021 general elections.   President Lungu...

Constitute a Commission of Inquiry to determine whether or not COVID-19 exists in Zambia-Kambwili

Opposition National Democratic Congress Leader Chishimba Kambwili has called on President Edgar Lungu to constitute a Commission of Inquiry to determine whether or not...

More Articles In This Category

- Advertisement -
[Read 25 times, 1 reads today]