Energy Minister Makozo Chikote has disclosed that the government is in the process operationalizing strategic fuel reserves to boost supply predictability and move towards quarterly pump-price reviews by next year.
Mr. Chikote says the reserves, including facilities in Mbala, Solwezi, Mongu, Mansa, Mpika, and other sites, will create bulk buffers to mitigate import or distribution disruptions.
He told Phoenix News in an interview that this will stabilize the market, giving businesses and consumers certainty on their day-to-day economic activities.
Mr. Chikote further said the move aims to address supply-chain challenges, including constrained import routes and periodic disruptions, with operationalization expected to improve supply resilience and market predictability by next year.