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ERB ASSURES NATION OF SUFFICIENT FUEL STOCK

THE Energy Regulation Board (ERB) has assured that there is sufficient fuel stock in the country should there be a disturbance in supply accelerated by cases of the third wave of COVID -19 within the region.

ERB Director-General Langiwe Lungu advised the general public not to panic as the country has enough fuel in stock.

The advice follows the stabilizing of prices after waving off the valued added tax and excise duty on petroleum products.

The ERB Director General revealed this when her new Board members paid a courtesy call on Copperbelt Permanent Secretary Bright Nundwe his office.

“Government has also allowed almost all oil marketing companies which applied for a permit to import fuel which has also helped in having enough fuel supply in the country,” she said.

She added that there is an act that regulates the companies importing fuel not to discriminate the pricing of fuel on their own accounts but follow the right procedures.

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