Key Facts on Oil Prices

From Zambian Economist Mon Jan 28 2013, 00:58:00

The Government is trying to sort out challenge of high oil prices in Zambia. Vice President Scott recently told the Energy Regulation Board (ERB) to find ways to reduce fuel prices :

"Zambia has the highest fuel prices in the region and I think ERB should find effective ways of ensuring that fuel prices are reduced..." (Source : Times of Zambia)

ERB response :

"Our pricing structure is such that retail consumers subsidise industrial and commercial consumers...the people buying petrol are subsidising those buying diesel. Now the largest diesel users are commercial and industrial consumers that are being subsidised...So the ideal solution to this situation is to mark the product because then you know what product is going to the industry and that going to the consumers...When the marking takes place, we will be able to distinguish the various consumers that are using certain products. This is one of the major ways to reduce petrol prices." (Source : The Post)

[view whole blog post ]
 See More    |     Report Abuse


You might also be interested in the following news stories:

Liberia:   'Just Five Cases of Ebola Left' (news)
Deutsche Welle
24 January 2015

A nurse who was the first person diagnosed with Ebola on British soil has been discharged from hospital after making a complete recovery. It comes as the UN announced just five confirmed Ebola cases ... [read more]

Nigeria:   U.S. Secretary Kerry Meets Buhari, Jonathan (news)
Premium Times
25 January 2015

United States Secretary of State, John Kerry, is expected in Nigeria ahead of the country's general election, an agency report has indicated. [read more]

Egypt:   Uprising's Anniversary Death Toll Rises to 16 (news)
Aswat Masriya
25 January 2015

Sixteen people were killed and 50 others were injured nationwide on Sunday, the Health Ministry spokesman said. [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!