Gov't rules out fuel price subsidies

Gov't rules out fuel price subsidies

Gov't rules out fuel price subsidies

Content Type: Nation Pro

By BARNABAS ZULU GOVERNMENT has ruled out using the country's foreign exchange reserves to subsidise fuel prices, saying the funds are critical to safeguarding economic stability and maintaining the country's borrowing capacity. Vice-President Mutale Nalumango said the reserves were a critical national asset which Government needed to protect despite the pressure rising fuel prices were placing on consumers. Speaking during ..............

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