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Wednesday, June 29, 2022

With Fuel reduction, consider reducing prices of goods and services , businesses told

Economy With Fuel reduction, consider reducing prices of goods and services , businesses...

Chingola Member of Parliament(MP), Chipoka Mulenga has called on the business community in the district to be considerate and reduce the prices on certain commodities.

Mr. Mulenga who is also Minister of Commerce, Trade and Industry says business houses in the district, should reciprocate the reduction in fuel pump prices so that the reduction could be appreciated by consumers.

He wondered why most commodity prices are still high two weeks after government reduced fuel pump prices.

The minister said this when he met representatives of the business community at Chingola Municipal Council chambers to discuss the matter.

Mr. Mulenga stated that it is prudent for prices to go down when there is a reduction in fuel pump prices.

He said it is such matters that his ministry has deployed officers on the ground to see why prices are not going down even after a reduction in fuel pump prices was effected.

Mr. Mulenga further said when government talks about private sector driven economy, realities have to be seen to signify solid collaboration.

On April 30, 2022, the Energy Regulations Board (ERB) reduced fuel pump prices by K2.35 per litre for petrol, K0.58 per litre for diesel and K0.56 per litre for kerosene.

6 COMMENTS

  1. Very true! Prices that were pegged at 2019/21 exchange rates are still standing; when this should be adjusted commensurate with the Kwacha’s robust gaining against the USD at present.

    #plant a tree please

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  2. The fuel in industry, production and Logistics is diesel. The price of this commodity has since increased from K17 /litre to K26/litre. An increase of almost K10 since UPND took office. Then it was reduced by K0.58. You increase by K10 and reduce by K0.58. Are you sure you really want price of commodities to go down?????

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  3. Is he serious? And at the end of the month the price should go up, will they be justified in increasing their prices?

  4. Just to increase again next month? Let prices stay where they are unless we see fuel maintaining a stable price for at least 3 months.

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  5. Poor logic.. I bought my merchandise when the fuel was 26 Kwacha per liter. How can I reduce the the price without making a loss.

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