Zambia’s hiked oil price threatens Zimbabweans


THE recent increase in fuel pump price in Zambia has reportedly sent ripples into many Zimbabweans living in neighbouring Kariba Dam town in Siavonga who fear the development will send many of them to their early graves. Joseph Mpeso, a cross border trader said the increment in fuel meant that all essential commodities would go up in Zambia resulting in more difficulties and suffering for the majority Zimbabwean families in the border Town of Kariba who of late had been surviving on imported goods from Zambia. “Most families here have been looking up to Zambia for survival, we don’t know how we are going to survive here now that things are also becoming very hard for our comrades across the border, “ I think we will soon be retiring to our early graves if things don’t improve any time soon” complained Mr  Mpeso. He said very soon it would become unnecessary to travel to Zambia to buy goods for reselling  because prices would also skyrocket in the copper producing nation .  He said politicians and senior Government officials in Zimbabwe had allegedlly messed up the economy through institutionalized corruption in the procurement process and was worried that the same thing could happen in Zambia. He advised Zambians not to sit idle and watch when things were going wrong, adding that what was going on in Zimbabwe should be an eye opener for Zambia.   Last night the Energy Regulation Board(ERB) increased petrol to K13.70 a litre from K9.87 and diesel to K11.40 from K8.59 meaning that fuel is more cheaper now in Zimbabwe than Zambia. In Kariba Town a liter of petrol is fetching at $ 1.25 while diesel is pegged at $1.07  which translate into K12.50 and K10.70 for Petrol and diesel respectively.  And Cross Border Association(CBA) Siavonga Branch Chairman, Oliver Munga says Small scale cross border  traders are at risk of going into destitution following the decision by the Energy Regulation Board(ERB) to increase Fuel Pump Price. He said cross border Bussiness  will soon become unprofitable and untenable because big companies where  traders buy their goods for reselling are likely to increase prices to cushion the impact of fuel increment.