Zambia Scraps Fuel-Import Duty To Ease Shortage
17 10월 2009 - 9:21PM
Dow Jones News
The Zambian government has scraped the 25% import duty on
finished petroleum products in a bid to ease the current fuel
shortage occasioned by faults at the country’s sole petroleum
refinery last week, Zambia’s minister of energy and water
development told Dow Jones Newswires on Saturday.
Kenneth Konga, said that the decision follows a request from
oil-marketing companies that are set to import at least 30 million
liters of fuel to guarantee a stable fuel supply in the country
during the closure of the refinery, slated for Sunday.
"The duty has been waived for two weeks. We do not want to
experience fuel shortages during the closure of Indeni," he
said.
Indeni Petroleum Refinery is a major fuel supplier to Zambia’s
copper and cobalt mines on the Copper Belt and North Western
province. Indeni is jointly owned by the Zambian government and
France-based Total SA (TOT).
Zambia has been experiencing erratic fuel supplies, mainly in
the capital Lusaka, since the beginning of the week. The crisis has
been exacerbated by panic buying and hoarding, according to
officials. Zambia state News Agency Zanis reported Saturday that
the shortage had spread to some cities on the Copper Belt
province.
However, according to Konga, fuel imports from the Tanzania port
of Dar Es Salaam and the Mozambiquean port of Biera started
arriving in the country on Friday this week and would mitigate the
current shortage on the market.
Fuel supplies to the mines also won't be interrupted because
government has patterned with Kuwait-based Independent Petroleum
Group SAKC (IPG.KW) and the Kenya-based Dalbit Petroleum Ltd. to
import 50 million liters of fuel in the next two weeks. Copper
mines consume more than 50% of Zambia’s imported fuel.
Zambia is Africa’s largest copper producer.
-By Nicholas Bariyo, Contributing to Dow Jones Newswires; +256
75 2624615; bariyonic@yahoo.co.uk