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:

Nigeria:   Journalists Arrest Tests Powerful Army (analysis)
allAfrica.com
20 January 2017

The January 19 raid on the offices of an online investigative news organization in Nigeria's capital Abuja is part of a continuing government attempt to quash bad publicity. Dapo Olorunyomi, the ... [read more]

Gambia:   Jammeh Offered Last Chance for Peaceful Exit Before Troops Advance (news)
Reuters Media Express
20 January 2017

West African leaders said it was no longer possible for Gambia's veteran leader Yahya Jammeh to stay in power as regional military forces stood ready to advance on the capital Banjul on Friday. A ... [read more]

Burundi:   3 Lessons About the Crisis From Speaking to Those Who Fled It (analysis)
African Arguments
20 January 2017

Burundi's 327,000 refugees are not mere victims but also active citizens, many remaining actively engaged in the country's problems. Burundi will soon mark two years since it was propelled into a ... [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!