Biz & CorporateBusiness

OMCs creating artificial fuel shortage


SOME Oil Marketing Companies (OMCs) are allegedly creating artificial fuel shortage in the country by withholding the commodity in anticipation of a high jump in pump prices by the end of this week.

The Energy Regulation Board (ERB) recently announced that the price of fuel may go up as the fuel reserve fund which was being used in the last three months had been depleted.

The ERB is this week expected to announce a price review of fuel with the commodity expected to be increased.

A spot check in Lusaka established that some service stations had not had any stock of both diesel and petrol since last Friday.

Among the affected filling stations included Engen at PHI mall and Total energies along great East Road.

Yesterday motorists were being turned away on the pretext that the commodity had run out, a trend which had been going on from the weekend and was causing panic and anxiety among the general public.

And in an interview, ERB Board Chairperson Reynold Bowa warned OMCs of stern action as the trend was a form of sabotage. Mr Bowa said the ERB would continue inspect


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