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:

Gambia:   Adama Barrow - the Man Who Defeated Gambia's Jammeh (news)
Deutsche Welle
2 December 2016

Six months ago Adama Barrow was unknown in the political field, but he has just been elected president of The Gambia: His victory brings to an end more than two decades of Yahya Jammeh's rule. 263,515 ... [read more]

Zimbabwe:   Opposition in Anti-Mugabe Coalition Talks (news)
News24Wire
3 December 2016

Zimbabwe's opposition is talking up an anti-Robert Mugabe coalition for the 2018 elections but differences over strategies and implementation are threatening the establishment of such an electoral ... [read more]

Nigeria/Cameroon:   President Buhari Congratulates Victorious Super Falcons (news)
Vanguard
3 December 2016

-President Muhammadu Buhari has congratulated the Nigeria's Super Falcons on their victory over the senior female football team of Cameroon on Saturday at the final game of the women's Africa Cup of ... [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!