Key Facts on Oil Prices

From Zambian Economist Mon Jan 28 2013, 05:58:00

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:

Congo-Brazzaville:   President's Daughter Charged With Corruption in France (news)
Radio France Internationale
26 June 2017

Investigators have widened a corruption probe into the French assets of three African ruling families, charging the daughter and son-in-law of Congo's President Denis Sassou Nguesso. Julienne Sassou ... [read more]

Congo-Kinshasa:   UN Rights Body Votes to Investigate Kasai Killings (news)
Al Jazeera
24 June 2017

The United Nations has opened an investigation into killings in central Democratic Republic of Congo, though some Western countries and campaign groups say they had hoped it would have a stronger ... [read more]

Africa:   Changing Perceptions on Display at U.S.-Africa Business Summit in DC (news)
allAfrica.com
26 June 2017

"We must change the lenses with which we look at Africa from the traditional development mindset to an investment mindset," Akinwumi Adesina, president of the African Development Bank (AfDB), told ... [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!