Reduce fuel pump price – PSDA

Private Sector Development Association (PSDA) Chairperson Yusuf Dodia urged Government to reduce the fuel pump price, following the fall in oil price on the international market.

The price of Brent crude has fallen to as low as US$28 per barrel.

Mr. Dodia says it is clear that international oil prices are dropping wondering why the price of fuel in Zambia is still high.

He states that the high cost of fuel impacting negatively on the cost of doing business, considering that everything in the country depends on transportation.

Mr. Dodia notes that the Kwacha which has been on a depreciating path has now stabilized, hence the need for government to conside4r reducing the fuel pump price