OIL Marketing Companies Association of Zambia president Dr Kafula Mubanga has insisted that government should consider extending tax waivers on fuel beyond the June 30 deadline. In an interview, Dr Mubanga said even the International Monetary Fund had argued that there was an inevitable need to subsidise energy and food due to negative global economic trends. “Of course I think that the reconsideration of the decision by government can be looked at. If you want to consider to remove your waivers on petroleum products, there are various factors that you need to put into account; how is your kwacha performing against the dollar? Secondly, how is the performance of crude oil on the international market? These two factors can either…...

To continue reading this premium content, login to your account or Subscribe to our ePaper using the buttons below.
Log In Subscribe