The Energy Regulation Board (ERB) has warned of stern action on any filling station found hoarding fuel in view of the recently hiked fuel pump prices.
ERB Public Relations Manager Kwali Mfuni says licensees of retailers been found wanting will be subjected to the due enforcement action which may also include fines, suspension and revocation of licence.
Ms Mfune says from ERB’s recent inspection on filling stations following the upward revision of petroleum pump prices have revealed that 20 retail sites were suspected to be hoarding fuel.
“Inspections conducted show that 20 filling stations may have been allegedly hoarding fuel and abstained from selling the commodity pending the coming into effect of new prices, “ she says.
In a statement to ZANIS in Lusaka today, Ms. Mfuni stated that the snap checks of filling stations were conducted in Lusaka, Copperbelt, Northern and Southern Provinces .
Out of 166 retail sites inspected, 146 were found to be compliant by either selling of product or had run out of stock.
“However, 20 retail sites were suspected to be hoarding fuel with purported explanations such as lack of power or faulty generator among other reasons.
“In light of the above, erring Oil Marketing Companies/retail sites are reminded that it is a breach of Licence Conditions to hoard petroleum products as this practice affects security of supply in the country,” she said.
She further pointed out that members of the public are encouraged to contact the ERB by calling free of charge the Toll Free Line 8484 and report incidents of suspected fuel hoarding.