{"id":32268,"date":"2022-10-13T19:31:45","date_gmt":"2022-10-13T19:31:45","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/fuel-price-likely-to-increase-after-tax-re-introduction-expert"},"modified":"2022-10-13T20:04:45","modified_gmt":"2022-10-13T20:04:45","slug":"fuel-price-likely-to-increase-after-tax-re-introduction-expert","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/fuel-price-likely-to-increase-after-tax-re-introduction-expert","title":{"rendered":"Fuel price likely to increase after tax re-introduction-expert"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>An energy expert has predicted an increase in pump prices following the government\u2019s decision to introduce a tax on fuel. Chiko Mudenda explained that the next monthly pump prices review will be dependent on the government\u2019s resolve to re-introduce taxes on imported fuel effective September 30, 2022.<\/p>\n

Mr. Mudenda said the removal of subsidies or tax waivers on Value Added Tax (VAT), excise duty and customs (import) duty on petroleum products may trigger an upward adjustment of pump pricing.<\/p>\n

Speaking in an interview with ZANIS, Mr. Mudenda, however ,noted that the mysterious gas leaks discovered early this week on the pipeline between Russia and Europe has no effect on Zambia\u2019s energy network and pricing.<\/p>\n

He explained that while Zambia relies on the Middle East for petroleum products, including the gas for cooking, the Russian gas leak crisis may only affect the European market.<\/p>\n

Mr. Mudenda added it would be of concern for Zambia if there was a crisis in the Middle East. \u201cIf the position remains the same, then we would say the prices of petroleum products are likely to remain the same or reduce,\u201d Mr. Mudenda indicated.<\/p>\n

Meanwhile, another energy expert, Bornface Zulu, said there is a likelihood that prices of petroleum products will increase on the international market as demand is expected to go up.<\/p>\n

Mr. Zulu said there is therefore a possibility that pump prices will be affected by the international oil prices as long as the country imports petroleum products.<\/p>\n

\u201cThe prices that the international oil market is going to offer will be final, so if they are hiked then the prices will be high within the chain. This means that even Zambia is affected,\u201d Mr. Zulu explained.<\/p>\n

Government announced the planned re-introduction of VAT on imported petrol and diesel effective September 30, 2022. And the Ministry of Energy, through the Energy Regulation Board, is expected to announce the monthly petroleum price review tomorrow, September 30, 2022.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. An energy expert has predicted an increase in pump prices following the government\u2019s decision to introduce a tax on fuel. Chiko Mudenda explained that the next monthly pump prices review will be dependent on the government\u2019s resolve to re-introduce taxes on imported fuel effective September 30, 2022. Mr. Mudenda said the removal […]<\/p>\n","protected":false},"author":84,"featured_media":32267,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[234,235,233],"class_list":["post-32268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nFuel price likely to increase after tax re-introduction-expert - Zambia<\/title>\n<meta name=\"description\" content=\"An energy expert has predicted an increase in pump prices following the government\u2019s decision to introduce a tax on fuel ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/fuel-price-likely-to-increase-after-tax-re-introduction-expert\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fuel price likely to increase after tax re-introduction-expert\" \/>\n<meta property=\"og:description\" content=\"An energy expert has predicted an increase in pump prices following the government\u2019s decision to introduce a tax on fuel ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/fuel-price-likely-to-increase-after-tax-re-introduction-expert\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-13T19:31:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-13T20:04:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/10\/postQueueImg_2-63486f4074365.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"479\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/fuel-price-likely-to-increase-after-tax-re-introduction-expert#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/fuel-price-likely-to-increase-after-tax-re-introduction-expert\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Fuel price likely to increase after tax re-introduction-expert\",\"datePublished\":\"2022-10-13T19:31:45+00:00\",\"dateModified\":\"2022-10-13T20:04:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/fuel-price-likely-to-increase-after-tax-re-introduction-expert\"},\"wordCount\":338,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/fuel-price-likely-to-increase-after-tax-re-introduction-expert#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/10\/postQueueImg_2-63486f4074365.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/fuel-price-likely-to-increase-after-tax-re-introduction-expert#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/fuel-price-likely-to-increase-after-tax-re-introduction-expert\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/fuel-price-likely-to-increase-after-tax-re-introduction-expert\",\"name\":\"Fuel price likely to increase after tax re-introduction-expert - 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