President Hakainde Hichilema says the hoarding of fuel by some filling stations is unacceptable.
President Hichilema disclosed that some filling stations were hoarding fuel hoping that the fuel price goes up.
He said the government will not accept a situation where fuel is readily available in the country but someone decides to hoard the commodity.
“We won’t accept the situation where fuel is there but someone decides to hoard it, ” he said.
President Hichilema stressed that Zambians cannot accept the hoarding of fuel by some filling stations.
The President said this at State house when he convened a high level meeting with key stakeholders in the petroleum sector.
President Hichilema stated that causing artificial storage of fuel is tantamount to sabotage.
He said Zambians want fuel to be readily available in filling stations at all times.
President Hichilema recalled that prior to the war in the Middle East some filling stations were holding fuel.
He wondered why fuel service providers were hoarding the fuel stocks.
The Head of State has since called for the cleaning of distortions in the petroleum sector.
President Hichilema said the reforms being implemented by the government in the energy and petroleum sector are part of the efforts aimed at cleaning the distortions in the industry.
Speaking earlier, Minister of Energy Makozo Chikote said it was prudent for the government to meet with stakeholders in the petroleum sector to discuss how to cushion the country against the impact of the conflict in the Middle East.
Mr Chikote said it was important to put heads together in coming up with measures to mitigate the effects of global fuel volatility on the economy.
And in giving an update of the current fuel stocks in the country, Mr Chikote disclosed that the country has 60 days diesel stock cover.
He revealed that some of the fuel products are inland while the rest of diesel stocks are in storage tanks in Dar es Salaam Tanzania.
Mr Chikote further disclosed that for petrol the country has 22 days stock cover.
He indicated that the holding of the high level meeting with players in the petroleum sector is meant to ensure that the government and the private sector work as a team in resolving fuel challenges that may rise as a result of the war in the Middle East.
Meanwhile, Mr Chikote pointed out that of late the country has been experiencing disruption in the fuel supply chain.
“It is important that we work together and see how we can improve and uplift the Ndola terminal,” he said.
Mr Chikote emphasised on the need to work together in addressing the fuel challenges caused by the war in the Middle East.
National Oil Marketing Association Vice President Pinchi Simukwai thanked President Hichilema for convening a high- level meeting with stakeholders in the petroleum sector.
Mr Simukwai said the decision to bring together key stakeholders in the petroleum supply chain demonstrates strong leadership and foresight in safeguarding Zambia’s energy security during the period of global uncertainty.
He explained that the conflict in the Middle East has continued exerting pressure on the global energy markets.
Mr Simukwai said Zambia as a nation that relies on imported petroleum products has been affected by the ripple effects of disruptions in international markets.
He said during the high level meeting that the disruptions in the global fuel supply chain is beyond the Zambian government.
Mr Simukwai however, assured President Hichilema that the industry remains committed to maintaining a stable supply of fuel despite the war in the Middle East.
He said the association is ready to collaborate with the government to ensure that the country’s economy continues to function without disruption.
Mr Simukwai has since commended the government for its continued efforts aimed at strengthening fuel supply systems and improving procurement frameworks.
He has also called for stronger collaboration between government and the private sector in resolving challenges affecting the industry.
Mr Simukwai said oil marketing members stand ready to support the government in identifying solutions that will enhance fuel supply security and improve efficiency in the importation and distribution systems.

