Choose Your Language Of Preference Below

French Version German Version Russian Version Spanish Version 

LUSAKA, Aug. 28 (Xinhua) — The World Bank has said fuel taxation in Zambia should be reviewed more periodically, Times of Zambia reported on Thursday.

    World Bank country manager for Zambia Kapil Kapoor was quoted as saying that periodic reviews would enable the country to check if the resulting domestic price harms the competitiveness.

    Kapoor said if such an analysis shows that petroleum costs are too high compared with other countries, particularly those which compete with Zambia, the government must review and reduce fuel taxes as many other countries have done.

    Kapoor said several countries are already reviewing their petroleum tax structures and that India, Pakistan and Ghana have reduced customs duty on petroleum products.

    He said a review of the levels of petroleum taxation is very important for a landlocked country like Zambia, according to Times of Zambia.

    Zambia has one of the highest fuel prices compared to other economies in the region, a factor which has been cited as one of the major contributing factors to the high cost of production.

 
Editor: Wang Hongjiang
Advertisements