Zambian energy minister Peter Kapala has confirmed that the country’s fuel stocks are expected to normalize by next week and that Zambia is expecting a number of fuel tankers to arrive.
Mr. Kapala stressed that there is no looming shortage of fuel but amidst that the current stocks are low.
While addressing reporters in Harare, Kapala urged the public not to panic or engage in overbuying of the fuel.
Meanwhile, Kapala has asked the Energy Regulation Board (ERB) to promote the utilization of renewable energy sources saying Zambia is endowed with renewable energy sources that have remained underdeveloped.
Mr Kapala further said the ERB should create a regulatory framework that will attract investments to scale up diversification of the country’s energy mix as opposed to depending on hydropower.
He was speaking in Lusaka at the launch of the ERB service charter aimed at empowering the public with information to hold ERB accountable to service delivery standards.
The ERB acting Director General Fred Hangandu said the service charter is a demonstration of the Boards commitments to accountability in the discharge of its mandate and will ensure effective service delivery.
The heavily indebted country had earlier this year slashed import duties on fuel, as it sought to reduce costs for importers to avert shortages as it faces higher oil prices and falling currency.