The reduction of fuel prices by the Energy Regulation Board is insignificant and will not yield any benefit to the common people, says Consumer Units Trust Society (CUTS) coordinator Simon Ng’ona.
Mr Ng’ona said the cost of doing business in the country would remain high despite the reduction, considering that the fuel once was minimally reduced.
He said price of oil on the international market had fallen drastically and that should in turn reduce the cost of production in the country, which he said was not the case. Mr Ng’ona said the Government must consider reducing the fuel price again if the cost of living was to stabilize, adding that the current price would not change the lives of many Zambians.
“The common Zambian cannot feel the current reduction of fuel because it is too minimal and my appeal is to Government to find means of ensuring that the fuel price is reduced to benefit the people,” he said. ERB at the weekend reduced the fuel pump price, barely two weeks after it adjusted the prices downwards by 0.25 and 0.28 ngwee. The pump price for petrol has been reduced from K10.38 to K9.89, diesel from K9.73 to K9.19 and kerosene from K7.21 to K6.77.
The petrol price had since been slashed by 0.49 ngwee, diesel by 0.54 ngwee and kerosene by 0.44 ngwee.