Price drops at the pump, not in shops-Chiyaba

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Opposition Democratic National Party (DNP) Leader Sydney Chiyaba has expressed concern over the persistent rise in the cost of living, noting that recent reductions in fuel prices have had minimal impact on the prices of goods and services.

“Even with the slight drop in fuel prices, the cost of living continues to rise,” Chiyaba told reporters. “Frequent power outages mean factories must rely on diesel, which is expensive, pushing production costs higher. This inevitably affects prices for everyday goods.”

Mr. Chiyaba has emphasized that Zambia’s free-market economy limits the government’s ability to control prices.

 “Once prices go up, they rarely come down. Bus fares, for instance, don’t decrease even when fuel is cheaper. The government needs to ensure fuel reductions translate into tangible benefits for consumers,” he said.

He has also noted that while imported goods might see price reductions linked to the US dollar, locally produced goods remain costly due to ongoing electricity challenges.

Ends…………………………….

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