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Labrish
Nyuuz
Zambia suspends fuel taxes as pump prices surge
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[QUOTE="Queen, post: 88964, member: 27"] Global oil spikes from Middle East tensions forced several southern African governments to slash fuel taxes just to keep pump prices from exploding higher. Zambia Fuel Relief [LIST] [*]The Cabinet zero-rated VAT and suspended excise duty on petrol plus diesel until June 2026. [*]The Energy Regulation Board still hiked April prices despite the tax break. [*]Petrol climbed to K27.15 per litre while diesel jumped to K29.78. [*]Kwacha weakened slightly and added extra pressure on import costs. [/LIST] Regional Tax Cuts [LIST] [*]South Africa trimmed its general fuel levy by R3 per litre for one month. [*]Namibia halved road user and fuel levies through the end of June. [*]Both moves aimed to cushion motorists amid record international surges. [*]Zimbabwe keeps high tax rates and eyes only a future review. [/LIST] Mthuli Ncube Promise [LIST] [*]The finance minister signaled selected time-bound fuel tax adjustments. [*]No firm timeline emerged for any concrete changes yet. [*]April pump prices in Zimbabwe await announcement soon. [*]Taxes still made up big chunks of local diesel and petrol costs. [/LIST] [/QUOTE]
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Labrish
Nyuuz
Zambia suspends fuel taxes as pump prices surge
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