THE Oil Marketing Companies Association of Zambia (OMCAZ) says Cabinet’s decision to approve bulk fuel procurement is a serious risk to the petroleum industry. The Association is therefore urging government to adopt a model that deliberately allocates a guaranteed percentage of bulk fuel volumes to OMCs. Meanwhile, energy expert Dr Kafula Mubanga says the decision will not lead to a reduction in fuel pump prices. Recently, government, through the Cabinet, approved a pilot programme for the bulk importation of petrol in a bid to reduce pump prices and address the country’s energy deficit. In an interview recently, OMCAZ acting president Lucky Janza said any procurement model that centralises fuel importation under government control, without guaranteed commercial space for OMCs, effectively...
