Monday, June 17, 2024

The Price of Fuel to Go up from Midnight follwing removal Government of subsidies

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The Energy Regulation Board (ERB) has increased the fuel pump prices effective from midnight tonight.

ERB Board Chairperson REYNOLDS BOWA says Petrol has been increased by K3.54 ngwee per liter from K17.62 to K21.16 while Diesel has been increased by K4.56 from K15.59 per liter to K20.15.

He says prices of Liquefied Petroleum Gas -LPG- have also been increased by K4.47 while prices of Kerosene have remained unchanged.

Mr. BOWA says the increment in fuel prices follows the government’s announcement of the removal of subsidies on fuel so that the country migrates to cost-reflective pricing.

He says the pricing trigger band of 2.5 percent change in wholesale prices will be maintained to allow for price stability within the pricing cycle.

Addressing the media in Lusaka, Mr. BOWA disclosed that the board will start reviewing petroleum prices every thirty days as opposed to sixty days.

Mr. BOWA further warned all oil marketing companies not to hold fuel to create a shortage as this will attract a penalty including revocation of the licenses.

29 COMMENTS

  1. New dark government told us that the price of fuel would be K5 when they form government.

    I hope the energy regulation board announces the price of electricity.

    The only good thing about poverty is that poverty doesn’t know upnd members/supporters. All of us are affected.

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  2. ABOUT TIME WELDONE !!
    HOW DO THE CRITICS EXPECT US TO REPAY THE MILLIONS OF $$$$ PF GOVERNMENT LEFT THE ENERGY SECTOR OWNING
    GET OFF YOUR BUTTS AND WORK NOW
    EMPOWERMENT COMES THROUGH HARD WORK
    NOT SITTING AND CRYING ABOUT THE PF LOSS

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  3. What happened to reducing the price of fuel by k5 as previously illustrated by our calculator boy? We should seriously consider making this kind of u-turn on campaign promises a ground for impeachment. This is tantamount to obtaining votes by false pretence!! Bally will fix it, my foot.

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  4. It’s only Chiluba who told people the truth when campaigning. He used to ask”are you going to sacrifice?”. But Bally promised to fix the economy by reducing a bag of fertilizer to K250 and fuel to K500/liter. But things have changed, I know UPND supporters will justify the unjustifiable. All the essential commodities will go up.
    Cili ekotuleya

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  5. @ 2 Tikki
    What do you care anyway..you don’t live in Zambia….under UPND except more misery on the majority of Zambians……only HH and his friends are smiling

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  6. UPND Zambia
    N0ovuSp430embetor 303,e m24020 ·
    UPND AND HH WILL LOWER PRICE OF FUEL
    The PF sponsored cartel is presently making K3 per every litre of fuel sold in Zambia.
    The UPND and HH plans to:
    1. Streamline the procurement, supply and distribution cycle to eliminate extortion by middlemen
    2. Reform pump price TAXATION to optimize value for consumers
    The UPND and HH aim to achieve a fuel pump price of around K12 – K13 per litre.
    #Register2Vote
    #changeiscoming

    OBTAINING VOTES BUY FORCES PRETENCE

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  7. Are these people not ashamed to do more harm to the people of Zambia , by removing what helped citizens to live a bit comfortable in their own country, this is the most evil government we have ever seen they are just driving people crazy and crazy and no hope in sight , it is immoral to put people under such harsh conditions we all know that poverty is evil and brings pain in the lives of people.

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  8. Its ironic that you’re quizzing HH7 about reducing fuel by K5 as if he was privy to the extent of the damage Lazy Lungu and his goons had done to our economy. What was I warning you 8 – 6 years ago about the unsustainable borrowing…you want free education and subsidised fuel at the same time.

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  9. nshilimubemba – What more SHAMEFUL? Burying your head in the sand and pretending everything is rosy…you don’t have a problem OR tackling the problem of debt now head on

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  10. You have just been fixed.
    Ripple effects? Let’s recount.
    – No way would price of food remain the same or go down.
    – No way would your bus fare be fairly low.
    – No way will farming input be cheaper.
    – No way will the dollar push down and be single digit.
    – No way will the cost of living have something to write hope about.
    – No way will school be sustainable.
    – What an increase K3 to K4
    Ama niggaz aba bashupa.
    Tomato tomato balunda, uyu mwaka tulefwa kunsala!

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  11. @salt sugar
    H² sold his soul to the evil IMF and World Bank.
    He can’t cross them.

    When you see a politician going against his promise to the people just know that the IMF is having its way.
    These policies are IMF’s.
    IMF is now ruling.
    H² is a stooge.
    Icalo bagoleka part 2. Part 1 was when kafupi sold it to the same Imperialists in the 90s. The illuminati have taken over.
    When you see him and his vice in cloves, just know that the 3r degree are celebrating with hime.

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  12. Petrol should have been up by atleast 2.50 these adjustments are too much…but anyway we can’t turn a blind from reality – we have to payback the billions we aquired through loans and stop the nonsense of defaulting..

  13. No one will come and pay this debt for us… we have to use whatever is at our disposal, by and large i think the removal of subsidies is better than freezing wages and jobs..its a pain will have to endure but we got to be strong and move on

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  14. These ministers MPs president etc, have subsidies in the form of allowances but the common Zambian the little he had has been taken away so that he can suffer more while they build their stomachs

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  15. Ex Maroon – if you lived in a one Party state controlled country (which i doubt) you wouldn’t have brought up that example of FTJ…especially if you understand what it entails to move from state controlled nation to a free market economy.

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  16. It will make more sense if ministers also tighten their belts instead of loosening them. It’s easy to say that WE HAVE TO SUFFER FIRST BEFORE THINGS ARE CORRECTED when your stomach is full up to the neck and a bottle of vintage wine is popping. It’s to “SACRIFICE” when your vehicle fuel tank is always full to capacity with free fuel.

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  17. FAMILY AND FRIENDS ARE IN ZAMBIA PLUS I’M IN ZAMBIA 6 MONTHS OF THE YEAR
    EVERYONE IS AFFECTED BY THIS INCREASE AND WE ALL INCLUDING THE HEIRACHY MUST TIGHTEN OUR BELTS ARE LIVE IN THE REAL WORLD
    POLITICAL HANDOUTS AND UN NECESSARY SUBSIDIES HAVE DESTROYED OUR COUNTRY IT HAS TO STOP
    INDEPENDANT ZAMBIA ??? REALLY SINCE DAY ONE WE’VE HELD OUT THE BEGGING BOWL SO AS I SEE IT’S INDEPENDENCE IN NAME ONLY
    WE HAVE TO REDUCE THE DEBT AND BECOME INDEPENDENT IN EVERY SENSE OF THE WORD

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  18. Former Ambassador Mwamba reminds Mr Hakainde of his promises to reduce fuel prices and someone calls him dull because VARIABLES HAVE CHANGED. What a heap of rubbish this is. MR HAKAINDE used to boast that he knew on daily basis of what was happening in government. This means if there was massive debts, he knew about it and it’s just logical to say he was prepared for it and it’s just logical to say he knew what he doing when making those promises. Please let’s not hide behind meaningless jargon. Jargon won’t save our people.

  19. #23 Who knows you could be on handout yourself. Right now I am supposed to be at the farm but all fuel stations are not selling fuel. So why can’t I sit on my butt.

  20. The problem with UPND unlike the MMD under Chiluba is that they are not telling people the truth about the consequences of the IMF deal. They have gone against their promises therefore they need to come out clearly and state what has changed. HH said the procurement of fuel was the one contributing the to high fuel prices and demonstrated how he was going to reduce fuel prices but today he has done the opposite. Before removing the subsidies he should have clean up this process if what he was say was true. He promised to lower the cost of living, is this lowering the cost of living ? We all know Zambia is indebted but at least the UPND should be honest enough and face the people and tell them why they are doing what they ae doing to what benefit is it in the future , people deserve…

  21. Zambians love to be lied …do you not remember when Lazy Lungu held national day of prayers for the economy whilst he was on massive spending spree. This is the end result…you should be thankful that someone is tackling the issue.

  22. All you commenting and saying HH promised to reduce fuel to K5 per litre..Well dont you understand that these are the measure to reach that goal? The removal of subsidies will increase the cost for now but in the long run will help reduce the cost. Try and understand things before you go about displaying ignorance. You seem to expect HH to do miracles here and just reduce things. Its still a few months since he took over power and the man is working towards ways to make sure in the long run, people are comfortable but as usual its ignorant comments all round the circle. Its better to be quite than just yap anyhow when you dont understand how systems work. If you expect manna from heaven, go back in time then since you believe in magic. Swallow chill pills and work with the change factors…

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