The Oil Marketing Companies Association of Zambia President Dr. Kafula Mubanga has expressed serious concerns over the monthly price review model adopted by the Energy Regulation Board, noting that it favors multinational OMCs as opposed to local ones. Speaking in an interview with Zambian Business Times, ZBT Dr. Mubanga noted that Zambia consumes about 1 million liters of diesel on a monthly basis and half a million liters of petrol, and the majority of it is supplied by multinational OMCs, of which the government needs to create policy to ensure that local OMCs benefit. “Looking at the total volume cycle,...
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