Zambian government has constituted a team to study the tax structure for fuel products because it is the major contributing factor to prevailing high fuel prices in the country, Time of Zambia reported on Friday.
The Government would revisit the fuel tax structure because it had been discovered Zambia's fuel was far expensive compared to other countries in the region including Zimbabwe and Malawi despite these countries getting fuel from the same sources, the newspaper quoted Energy Permanent Secretary Peter Mumba as saying.
Mumba said the development was a follow-up to the directive issued by acting President Rupiah Banda, who has directed Finance Minister Ng'andu Magande and Energy and Water Development Minister Kenneth Konga to meet and examine the matter with a view to reducing the prices of fuel in the country.
According to Mumba, the team, which was already in place, would study the matter and find a lasting solution.
The team comprises officials from the ministries of Energy and Finance and the Energy Regulation Board and is expected to submit its findings by the end of next week.