Categories: Business Commodities

ERB losing US$80m through illegal fuel on market

Energy Regulation Board (ERB) says it is losing about US$80 through illegal fuel on the market.
In February this year, the board launched a Fuel Marking Program aimed at safeguarding the petroleum industry.

ERB said the program will address the challenges faced by operators in the industry in meeting the required specifications towards provision of quality energy products and services.

Fuel marking exercise which commenced February 15, 2018, seeks to also address the issue of contamination of fuel by adding sub-additives and rampant dumping of smuggled fuel as this compromises fuel quality on the market hence the need to control, minimize and eliminate fuel adulteration.

And ERB Public Relations manager Kwali Mfuni says it is for this reason that the board has embarked on the fuel marking campaign aimed at addressing most of these challenges.

She says the campaign will help improve the quality of fuel on the market as it will help in identifying illegal fuel on the market.

Ms Mfuni says ERB is carrying out inspections country wide to check if the fuel is meeting the set standards.

Ms Mfuni was speaking in an interview with Money FM news.

More From Author

ACCA

https://www.accaglobal.com/africa/en.html

Read More

Economist @ Money 02 May 2020

Join the host and guest as they look at various economic issues.

Read More

Women @ Money – “Strategic Planning”

Listen to the host Nkhonde Fumbeshi as she discusses “Strategic Planning” with Dr Freda Mwamba…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

April food basket drops by K255.14-JCTR

This is compared to the March basic needs and nutrition basket which stood at K10,…

Read More

LCC warns traders against conducting business outside designated markets

LCC is deeply concerned about the recent trend of some traders opting to conduct business…

Read More

Electricity tariff hike to impact SMEs, consumers-Economist

The approved residential tariffs for consumption above 100 to 300 kilowatts per hour is K1.05…

Read More