OIL Marketing Companies Association of Zambia president, Dr Kafula Mubanga has projected an increment in fuel pump price ahead of the monthly review. Commenting in an interview, Wednesday, Dr Kafula said petroleum products were expected to increase in price because the Kwacha had depreciated. “When you speak to issues of prices going up or coming down in terms of pump prices these are reflective of the fundamentals and one of the key fundamental factors in appreciation of the pump prices is basically the exchange rate. As you alluded, we have experienced a depreciation in the Kwacha and that has got a very serious ripple effect on the pump prices because obviously it speaks to the fundamentals that are instrumental in...

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