The Economics Association of Zambia (EAZ) has raised serious allegations against several Oil Marketing Companies (OMCs), accusing them of deliberately hoarding fuel to create artificial shortages and capitalize on future price hikes. This comes after a recent investigative spot check by News Diggers revealed that at least 12 filling stations in Lusaka—including outlets operated by major brands such as Total, Petroda, and Rubis—were experiencing fuel outages, sparking frustration among motorists and consumers alike.
In an interview on Sunday, EAZ Secretary General Dr. Nicholus Mainza condemned the actions of some OMCs as “dishonest and exploitative,” highlighting the adverse impact on ordinary Zambians and the economy. “I have conducted extensive research, and the fuel shortage has been more severe in Central Province before spreading to Lusaka. What these companies are doing is holding on to fuel stocks, deliberately restricting supply,” Dr. Mainza explained.
According to Dr. Mainza, this artificial scarcity allows OMCs to manipulate the market, driving up prices once demand exceeds supply. Such tactics, he warned, risk destabilizing an already fragile fuel supply chain, increasing transportation costs, and negatively affecting the cost of goods and services across the country.
The fuel shortages have led to long queues at petrol stations, causing delays and inconvenience to commuters, while raising fears of further inflationary pressure on the economy. Consumers and businesses have expressed growing concern over the unpredictability of fuel availability, which threatens to disrupt daily activities and economic productivity.
Dr. Mainza called on regulatory authorities to investigate the alleged fuel hoarding practices rigorously and implement measures to ensure transparency and fairness in the petroleum sector. “It is essential for the government to act decisively to protect consumers and maintain stable fuel supplies. The market should operate without manipulation to guarantee affordability and access for all Zambians,” he added.
The allegations by the EAZ come at a time when Zambia continues to grapple with economic challenges, and stable fuel supply remains critical for transportation, agriculture, and industry. As investigations unfold, stakeholders will be watching closely to see how both the government and OMCs respond to concerns over fuel hoarding and market fairness.
For now, motorists and consumers are urged to stay vigilant and report any unusual fuel shortages to the relevant authorities to help curb exploitative practices and ensure a steady fuel supply across the nation.