Melo News | 2 December 2024 | Lusaka
Energy Expert Johnstone Chikwanda has stated that the recent hike in fuel pump prices is not due to changes in international market prices or the exchange rate, as these factors did not reach the trigger point of 2.5 percent required for a price adjustment.
Despite the Energy Regulation Board (ERB) revising fuel pump prices upwards yesterday and attributing the increase to changes in international market prices, Dr. Chikwanda suggests that other industry-related factors may have contributed to the decision. He believes that the hike could be aimed at supporting the industry to overcome current challenges.
Dr. Chikwanda also highlighted recent supply concerns, indicating a need for improvements in the industry’s ability to enhance the security of supply. “There have been supply issues in the recent past, which calls for an enhancement in the industry’s supply chain security,” he noted.
As the debate continues, Dr. Chikwanda’s insights offer a broader perspective on the factors influencing the recent fuel price adjustments beyond just market changes.
