Fuel is charged in dollars and if our currency is losing value to it then it means we have to cough a lot more of the local currency to meet the cost. This scenario will in turn have an impact on fuel prices. |
Fuel prices can go up any time regardless of the Kwacha failure because PPC has argued that the current prices are too low to march with importation costs. This depreciation will just provide a loophole for that. |
Our assessment has shown that State Residences have not submitted their returns since July and that many ministries are not submitting regularly their monthly figures. Government should therefore be seen to be serious with the budget allocations and adhere to statutory provisions because once the budget is passed by parliament it is law. |