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Sunday, 20 November 2016

Mealie Meal Price Hike Hits Zambia

Mealie Meal Price Hike
*Mealie Meal Price Skyrockets - 25 Kg = K100 - Fuel May Go Up to K21 Per Litre
The rise has been blamed on the government's plan to cut subsidies as it embarks on an economic recovery programme.

Biting economic conditions are sweeping through Zambia with a bag of 25 kg mealie meal hitting the K100 mark in Lusaka.

A survey of locations selling meali4e meal, a form of powder made out of corn and is Zambia's staple food, show prices swinging between K90 and K100 in urban areas. Reports also indicate the commodity has broke beyond the K100 mark in remote areas.

There are indication a 25 kg is going for between K150 to K200 in North-Western Province. Meanwhile, the price of fuel may go up a month after it was adjusted. This follows a slight increase of the commodity on the market.

According to available information, a litre of petrol may fetch up to K21 prompting an opposition leader to take proactive action by asking the government to reconsider any price adjustment.

IMPENDING INCREASE IN THE PUMP PRICE OF FUEL AGAIN
I humbly appeal to President Edgar Lungu on behalf of fellow Zambians not to increase the Pump Price of Fuel again. I am reliably informed that a decision to increase fuel to K21 per litre has just been made.

Our economy is headed for a recession and taking any action which increases the cost of production exacerbates the situation. UPP is ready to sit down with the government and provide our humble direction on what we ought to do for the sake of our nation.

UPP is scheduled to hold a major news conference by mid November, 2016. We shall write our first official letter to the President immediately after the conference.



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