FORMER special assistant to the president for press and public relations Amos Chanda says the recent fuel price reduction by the Energy Regulation Board (ERB) shows that the UPND government is not unnecessarily intervening in the petroleum market. In a statement, Chanda said the downward adjustment of fuel pump prices by K3.56 per litre for petrol and K3.14 for diesel created the necessary credibility in ERB and the Central government, generally. He added that former president Edgar Lungu also wanted fuel prices to be market-driven and Zesco tariffs to be cost-reflective, but some “counter forces pushed the other way”. “The fuel price reduction is truly representative of the trends in the international market where the decline in price is 14.29…...

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