Government says it remains committed to sharing the gains from the reduction of fuel prices on the international market with consumers.
Minister of Information and Broadcasting Services Dora Siliya who is also Chief government spokesperson said the reduction of fuel prices locally will be done gradually.
Speaking at a joint press briefing with Gender Minister Elizabeth Phiri in Lusaka today, Ms Siliya explained that the current stock of fuel that the country procured was done when prices were high.
Ms Siliya stated that government is meeting the high cost from the consignment that was procured earlier before oil prices went down.
She pointed out that the oscillation of the Kwacha against other major convertible currencies such as the United States Dollar takes into account when procuring the commodity.
Ms Siliya said government is optimistic that the on-going oil exploration in Northern Province will yield positive results.
The public has been calling on government to reduce the costs of fuel following the reduction at the international market.
but when fuel was increased there was stock procured at a low price hence they benefited on the increment,
@Kombwe, how is Kabila? When are the elections going to be held? Are you from Rwanda or from Monze?
Dora … I have always had problems with some of your explanation. First you say this was procured at higher prices and then you take us to a straw man being the current exploration.
Even if the current exploration yielded positive results, it does not mean that we immediately start benefiting from that. It is a process we don’t even have anything in place to immediately take advantage of that.
Lastly, being UNIPist, I have never been happy with the way all subsequent governments have handled fuel marketing since we left office. Simple things such as oil futures signed for one to five year contracts would keep the price stable for that long.
But you former MMD guys and gals have not changed. Get back to the basics … fuel marketing need to work with futures contracts otherwise…
Continued …
But you former MMD guys and gals have not changed. Get back to the basics … fuel marketing need to work with futures contracts otherwise your economic shock will always leave trimmers in the economy.
We understood that very well under UNIP and so our futures contracts with Kuwait always keep fuel prices stable for the longest.
How did we manage to transport copper to Dar-es-Salaam during the economic embargo with South Africa by road using ZAMTAN truck??? We had futures contracts in place that did not affect our costing.
Get to do the same … the smart people of the Zambian Enterprise deserve better than this. Shah!!!
Meant to say We understood that very well under UNIP and so our futures contracts with Kuwait always “kept” fuel prices stable for the longest.
Sorry about that
When we tell you that our leaders are not equipped to run this country, you insult us.
When we tell you that our leaders are simply drunkards having parties at tax payers expense, you say we are simply jealous.
These are the same leaders that spent years negotiating for oil from Saudi Arabia, that lasted only 6 days.
These are the same leaders calling themselves VVVIP, buying luxury jets.
Anyone that eats mangoes without washing their hands is simply a dirty person.
These are the same leaders printing Kwacha in excess (for reasons we all know), devaluing the already limping currency.
You are not laughing now, are you PF cadres?
Njala izapaya.
Sometimes it’s better not to respond than giving reasons that do not hold
But Dora ni mpput isulla, taibula kubwekeshapo.
CHIWAMINA INCREAMENT KUCHILA REDUCTION.
The chap @1 has nailed it.
Dora, behave now.
I like Dora. She looks like my Grandmother except the Mocca lips
Look this XXXX Princess instead of commenting on what she has said or story she is talking about her looks whether good or bad; she forgot what she wrote in her silly article set an example you pillock!!
Look this XXXX Princess instead of commenting on what she has said or story she is talking about her looks whether good or bad; she forgot what she wrote in her silly article …you should set an example you pillock!!
She talks as if Zambia has oil reserves to last 12 months..really laughable…remember what they said about the free $20million cheap oil from middle-east
She talks as if Zambia has oil reserves to last 12 months..really laughable…remember what they said about the free $20million cheap oil from middle-east
@Sharon. Your obsession with tribal talk is sickening. I am an easterner but I still find it repugnant when a fellow Zambian fans tribal hatred against any of my bothers and sisters from any part of the country. Sharon, your mother’s anus.
Yes I want to agree with you bro. When it comes to increasing, it is with immediate effect they will not wait for the already bought stock to finish and why now when it comes to them reducing?????
But why don’t you do the same when there is price increments …you must delay the increase in prices of fuel until the old stock is finished.
Ala somethings you must learn to keep quiet coz the justification you are giving does not make sense.
Tell us something, are you saying you are going to reduce the price when the current stock is depleted? Then give us a signal as to when the awaited reduction is going to happen.
Only an intelligent person like Dora can tell that! The rest? HATRIBES UTD FOOTBALL CLUB failures, crooks and TRIBALISTS!
ok point taken… current fuel in the tanks underground/at the gas stations was procured prior to the period when world oil prices started going down.
so then that which is being shipped now, the one in transit which is being procured at lower prices than the one before will be offered at reduced prices at the pumps. that’s what ought to happen. if you guys don’t get cheap gas in the next couple of weeks, then again your govnt is blowing hot air up your you know where
gas prices have been going down for almost a month now. It’s less than a buck/liter right now ($0.94/L) for regular, premium is $1.12/L
these guys just talk, someone yesterday pointed out that they don’t care cuz they get their gas for free or through some allowances so they don’t feel the pain
Given Lubinda, there is a reason why courts impose death sentences as per law. Why should the President who does not have facts of the case commute the death sentence imposed by the courts to life imprisonment. This is surely a lacuna. Don’t be proud that the President has turned death sentences into life, nothing to be proud of here
Mugabe’s legacy in Zimbabwe and Zambia
Watch “PRESIDENT Chamisa Full Testimony at the Commission of Inquiry Hearing” on YouTube
This is nonsense and utter rubbish, why is it that when they are increasing prices they do not take into account the price at which old stock was procured? Its disgusting listening to this woman to say the least, who does she take us for? If you have failed to provide leadership, please stand aside instead of insulting our intelligence. The fact still remain that you announce price increment effective midnight, do you wait for the consignment which you bought at lower prices to finish before you effect the price increments? You have been caught pants down, you people have empathy, you are cantankerous zealots with no proper direction.
mama keep quiet
@BR Mumbai Sr All along you have religiously been a PF deciple and eaten, planned and sold your highlights to foreigners together. You now hypocritically pretend fuel is high for Zambians. Who has bewitched you today to think rationally now. Fuel is cheap to all of cadres and only dear to the rest of Zambians.
He is blaming the MMD who are in PF now,
Actually PF supprters’ Cars use urine and not fuel. So the smart people enterprise should not worry
THAT IS WHY I DON’T LIKE THIS WOMAN.EACH TIME I SEE HER,ALL WHAT I REMEMBER IS THE INSULTS THAT USED TO COME FROM HER MOUTH WHEN SHE WAS IN MMD AND UP TO NOW HER THINKING IS STILL OF MMD.
OPPOSITION CAN YOU TAKE THIS CROOKS TO TASK.THE POINTS SHE HAS RAISED HERE AS TO WHY THE GOVT CAN NOT REDUCE FUEL DOES NOT MAKE ANY SENSE AT ALL.
WHEN DID THE GOVT PROCURE THE FUEL AND WHEN WAS THE INCREMENT DONE?
THESE PEOPLE ARE REALLY THIEVES AND THEY WANT TO RAISE THE MONEY.
WE REMEMBER THE TIME THEY INCREASED FUEL,THE KWACHA LOST IT’S VALUE AND THE ISSUE OF IMPORTING FUEL AT THE HIGH PRICE WAS NOT THERE.THE FUEL WAS IMPORTED A LONG TIME AGO.
BAKA BWALALA .
I like her. She is good minister. HAZLAUZA HAGAIN.
So its fine for oil merchants to increase fuel over old stock that was procured cheaply. Increments after midnight is common language of oppression. Profit pa profit. These PFools will never cease to amaze me with their lack of thinking. Always struggling to think.
By the way is Dora pretty or was pretty??? She looks cool but what comes out awe sure!!!
What a disaster!
So its fine for oil merchants to increase fuel over old stock that was procured cheaply. Increments after midnight is common language of oppression. Profit pa profit. These PFools will never cease to amaze me with their lack of thinking. Always struggling to think.
By the way is Dora pretty or was pretty??? She looks cool but what comes out awe sure!!!
What a disaster!
Uko, if you call her intelligent then the leadership is dull than I thought in the first place, then we are really in trouble because I think she is one of the dullest people in the world, followed by the convicted debarred thieving lawyer
What number do you play in the HATRIBES UTD FOOTBALL CLUB?
Greediness at its best. When the price on the international market increases, these fools waste no time to do likewise. But now that the prices reduced they give all sorts of excuses. We need an explanation from the so called ERB, or do they get orders from the likes of Dora Sility.
I swear Sharon is dull.
Yes as dull as MUTINTA HAKAINDE and CHARMAINE.
What happened to ‘fuel reserves’? Build up the stocks now to avoid such vague excuses in future
@Sharon GO FUK YOURSELF !! WE HAVE HAD ENOUGH OF YOUR BULLSHXT ….
HaMulenga, it is UNELECTABLE!
This is not Good
Very Silly Ya this girl
When people stop taking you serious cause you are a joker…ndeloleshafye
But when fuel goes up increases are instant why doesn’t Government wait for the cheaper consignment to finish before increasing prices?This is Nonsense
The eurobonds are gone, how else do you think the PF theives will eat , if not from gimmicks like this ??
Just continue eating Dora and your colleagues, the next briefing will only make sense to us when you tell us you have had enough of eating and you have repented before God.
Mmmmmm, on this issue Government ILANGANEPO…..when you are increasing the prices no reference is made to how cheap the fuel was bought , but when its reducing you want to justify, Dora just continue eating , your time will come to swallow a mouth full of your lies! Nayaa Inee.!
Okay a simple question for Dora: Why is government so quick to increase fuel prices whenever oil prices rise on the international market while the old stock imported at a lower price is still available? Answer Dora, answer
We love pf,but it has wrong advisers,we say when you chew nshaba zabwino and imozi yoola zonse zioola,dola siliya mweo amai nimwe akuluku ngako,u have failed the government’s efforts as well as the people of petauke.you shall be answerable to God over misappropriation of funds and kukula mutu kwamwakula,I personally pray that the way you have misled the people in the current government also let your own life be parthetic.