Minister of Commerce, Trade and Industry Chipoka Mulenga says government is not introducing price controls, but is instead calling for fair pricing that reflects the current economic conditions.
Mr. Mulenga explains that government remains committed to a private sector–driven economy and will not dictate prices.
He says with inflation trending downward, the Kwacha stabilizing, and fuel prices relatively lower, manufacturers, suppliers, and transporters should pass on those benefits to consumers rather than maintain artificially high prices.
The Minister has stressed that this is a call for responsible market behavior, not government intervention.
He has further stated that Zambians deserve to experience the benefits of economic stability, and that industry players have a responsibility to ensure consumers are not burdened by outdated cost structures.
The clarification follows public debate suggesting government intended to reintroduce price controls.
By Rachel Mumba
