Q FM Africa's Modern Radio
Energy Minister David Mabumba in Parliament
Energy Minister David Mabumba says the recent increase in fuel pump prices as announced by the Energy Regulation Board (ERB) indicates the removal of fuel subsidies on fuel by the government.
In a ministerial statement in parliament this afternoon, Mr. Mabumba says this is in line with the decision the PF Government announced in 2014 to remove subsidies on fuel in order to promote cost reflective tariffs in the energy sector.
Mr. Mabumba says government has spent US$ 200 million on fuel subsidies from 2014 up to the time the subsidies were removed.
He says this was becoming a burden to the national treasury as well becoming unsustainable.
Meanwhile Mr. Mabumba has announced the closure of Indeni Oil Refinery for routine maintenance from October 19th to November 30th.