THE Oil Marketing Companies Association of Zambia (OMCAZ) has warned that fuel prices will continue to rise unless government restructures the Open Access Framework. OMCAZ president Dr Kafula Mubanga has accused selected oil marketing companies of exploiting limited competition in the use of the TAZAMA pipeline to make excessive profits by charging a markup of about K5 per litre. He says allowing more Zambian-owned companies to use the pipeline would increase competition and help reduce the cost of fuel. On Saturday, the Energy Regulation Board (ERB) announced an increase in fuel pump prices for all petroleum products, with petrol going up by K1.60 to K33.06 per litre and diesel by K1.18 to K34.45 per litre for November. Commenting on this...




