Increase Petroleum Product Reserves – Kambwili Urges

Headlines

National Democratic Congress (NDC) party leader Chishimba Kambwili has called on the government to increase petroleum product reserves as the US-Iran tensions have the potential to negatively affect the country’s fuel supply and pump prices. Mr. Kambwili has urged the government to consider putting up necessary measures so that the country can have enough fuel reserves and not suffer the “great consequences” from the tension between the two countries. “In the aftermath of Iranian attacks on two U.S. military bases in Iraq known to house 1,500 US troops, the price of crude oil jumped four per cent to about US$65 a barrel. Saudi Arabia, Iraq and Iran produce about 25 per cent of the world’s oil supply, and further retaliation from the US will send prices soaring,” Mr. Kambwili said in a statement issued by NDC spokesperson Saboi Imboela.

Leave a Reply

Post your comments

  Subscribe  
Notify of