Fuel prices increased
By PRECIOUS SAKALA -
FUEL prices have with immediate effect been increased by close to KR2.00 following the removal of the five per cent import duty on crude feedstock, Mines, Energy and Water Development Minister Yamfwa Mukanga has said.
Diesel has gone up by KR1.63 from KR7.57 to KR9.20 per litre, petrol by KR1.75 from KR8.16 to KR9.91, while kerosene is up by KR1.68 from KR5.15 to KR6.83 per litre.
Making the announcement at a Press briefing in Lusaka yesterday, Mr Mukanga said subsidies proved not to be serving the intended purpose of cushioning the poor and vulnerable in society.
“Current evidence suggests that the poor have benefited the least from this measure. Key consumers of fuel who are the mining industries and urban dwellers that are able to own vehicles have benefited most from this measure,” Mr Mukanga said.
He said the removal of the fuel subsidy, which was effective at midnight, was aimed at countering the loss in Government revenue.
“In order to reduce the level of increase in fuel prices, the Government has decided to remove the five per cent import duty chargeable on crude feedstock. Furthermore, the Government has reduced the KR0.24 that was chargeable on petrol for the strategic reserves fund to KR0.15 on all products,” he said.
He said the adjustments would enable Government to redirect resources to the creation of jobs aimed at reducing poverty.
“Given the current economic conditions, the Government was committed to improve the welfare of the Zambian worker as well as the most vulnerable and poor in our society,” he said.
Meanwhile, Mr Mukanga announced the appointment of a 13 member board for the Water Resources Management Authority.
The newly appointed board would assist Government in ensuring Water Resources benefitted the people of Zambia, especially the poor and vulnerable in line with the Government’s pro-poor policies and PF manifesto,” he said.
He urged the newly appointed board members to apply their skills and abilities to effectively manage the new institution.
The board members are Bishop Edward Choma who is chairperson, Mpakata Musonda as vice, Chief Imanga Imwiko, Ms Queen Kakoma, Adam Hussein, Joseph Sakala, Barnaby Mulenga, Dr Chileshe Mulenga, David Shamulenge, Dutch Gibson, Joe Simachela, Greenwell Mukwavi and George Zulu.