OIL Marketing Companies Association of Zambia (OMCAZ) says the oil marketing companies are not happy with the current pump prices because they are making less than a kwacha per litre. The Energy Regulation Board (ERB) recently increased the fuel pump prices for February. Petrol was increased by K2.73 from K24.29 to K27.22 while diesel saw an increment of K2.81 from K26.44 to K29.25. Asked in an interview if petroleum suppliers were happy with the current pump prices, OMCAZ president Kafula Mubanga responded in the negative and called on government to engage them in order to appreciate their challenges. “Of course we [can] safely say we are not happy because like I said, we are making less than a kwacha per...

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