LUSAKA, Thursday, May 2, 2013 — His Excellency, Mr. Michael Chilufya Sata, President
of the Republic of Zambia, has said the removal of the subsidy on petroleum products
will enable the state to have more finances available for spending and guarantee proper
implementation of all government programmes and projects.
President Sata said it is necessary that the subsidy on petroleum products, which has been a
burden on state coffers for a longtime, is removed and consequently the price of fuel adjusted
upwards in order to attract wider social benefits for the general populace.
“In 2012 alone, the Treasury redirected resources amounting to KR754 Million (K754
Billion) from implementation of other government programmes and activities in the Budget to
finance the fuel subsidy,” the Head of State said.
“For the 2013 budget, the Government has already paid a sum of KR571.5 Million (K571.4
Billion) in fuel subsidies as at 18th January, 2013. It is estimated that more than K1.