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Zambian manufacturers have proposed an 8-point set of recommendations for the improvement of the petroleum oil sector.
The manufacturing sector is calling for rationalised taxes on crude oil imports, including those for finished petroleum products.
The sector contends that taxes on finished petroleum products imports are punitive, adding that it is no secret that the current crude oil refining infrastructure is heavily over-burdened.
This is according to the manufacturers’ umbrella body, the Zambia Association of Manufacturers.
The association, therefore says, tax parity with respect to both crude and finished oil products, coupled with balanced a balanced tax regime across all economic sectors, would help bring down pump prices.
The manufacturers are also is seeking, among others, permits to service peripheral areas, away central Zambia, using obvious petroleum supply lines in close proximity.
Zambia is a landlocked country, whose petroleum needs rely on imports and the oil sector operations are centred on Ndola-based Indeni refinery, before finished products are transported to other parts of the country.
But the manufacturers think areas, which border other countries might as well be supplied by located in Ndola.
Other recommendations include the consideration of alternative import routes like Mozambique and Angola, or even the contemplation of the western neighbouring country crude oil supplies.
The association has also listed longer oil supply contracts with reliable sources as one of the avenues to reduce the retail cost of petroleum products due to lower and reduced financing costs.
Above all, the manufacturers would like to have the Energy Regulation Board role to be less of handling and administrative fees charging, but concentrate more on the regulatory component for the benefit of the consumers.
On average, World bank and British petroleum sources have revealed that a litre of diesel is at least 1.4 dollars, the highest in the region, coupled with the highest government levies on fuel, again at regional level.
The manufacturing sector is calling for rationalised taxes on crude oil imports, including those for finished petroleum products.
The sector contends that taxes on finished petroleum products imports are punitive, adding that it is no secret that the current crude oil refining infrastructure is heavily over-burdened.
This is according to the manufacturers’ umbrella body, the Zambia Association of Manufacturers.
The association, therefore says, tax parity with respect to both crude and finished oil products, coupled with balanced a balanced tax regime across all economic sectors, would help bring down pump prices.
The manufacturers are also is seeking, among others, permits to service peripheral areas, away central Zambia, using obvious petroleum supply lines in close proximity.
Zambia is a landlocked country, whose petroleum needs rely on imports and the oil sector operations are centred on Ndola-based Indeni refinery, before finished products are transported to other parts of the country.
But the manufacturers think areas, which border other countries might as well be supplied by located in Ndola.
Other recommendations include the consideration of alternative import routes like Mozambique and Angola, or even the contemplation of the western neighbouring country crude oil supplies.
The association has also listed longer oil supply contracts with reliable sources as one of the avenues to reduce the retail cost of petroleum products due to lower and reduced financing costs.
Above all, the manufacturers would like to have the Energy Regulation Board role to be less of handling and administrative fees charging, but concentrate more on the regulatory component for the benefit of the consumers.
On average, World bank and British petroleum sources have revealed that a litre of diesel is at least 1.4 dollars, the highest in the region, coupled with the highest government levies on fuel, again at regional level.
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