The Bus and Taxi Owners Association of Zambia has appealed to government to reconsider reverting to the quarterly fuel price reviews as the monthly review is negatively affecting the business community.
Association Spokesperson Amis Daudi said the cost of fuel is a fundamental cost in the operations of the industry for both the business community and bus owners therefore the need to bring about stability by reintroducing quarterly reviews.
Speaking in an interview with the Zambian Business Times-ZBT, Daudi said it is becoming very difficult for business as well as individuals to plan and budget on their spending because of the changes being made in various sectors of the economy due to fuel price changes every month.
“Last month they increased the price, after increasing the price we had to draw a fare chat and government delayed to give the approval of that chart until the 17th. By the time we were distributing the charts, it was around 20th so the new price has only been around for 10 days and we are already talking of a new one”, he said.
Daudi noted that the association has tried to table the issue during meetings but there has not been any positive response.
The Energy Regulation Board-ERB announced a downward fuel price adjustment of K3.56 for petrol and K3.14 for diesel for the month of August 2022.
