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Zambia’s Ministry of Energy has cautioned Oil Marketing Companies (OMCs) and fuel service station operators against hoarding petroleum products amid speculation of rising international oil prices due to the Middle East crisis.
Minister in-Charge, Makozo Chikote, said the practice violated petroleum supply regulations and could attract sanctions.
“Creating artificial shortages through fuel hoarding is unlawful and will not be tolerated,” Chikote said in a statement issued on Wednesday.
He noted that reports indicated some service stations might be withholding fuel in anticipation of price increases, prompting intensified inspections across the country in collaboration with the Energy Regulation Board to ensure compliance.
Chikote reassured the public that Zambia currently had adequate petroleum stocks, advising against panic buying.
Read More: Mubanga urges alternative fuel supply deals to offset Middle East risks
He. Maimed as follows:
As of Wednesday, March 11, 2026, available fuel stocks include 310 million litres of diesel, 34,820 million litres of petrol, 82,900 million litres of kerosene, and 2 million litres of Jet A-1.
Diesel and petrol stocks provide 29 and 20 days of national cover respectively, above the Energy Regulation Board’s minimum thresholds.
Kerosene and Jet A-1 stocks remain below desired levels but are actively managed to ensure supply stability.
The Minister emphasized that the government continued to monitor global developments and their potential impact on petroleum supply chains.
“Members of the public should remain calm and continue purchasing fuel normally, as Zambia’s petroleum supply remains stable and secure,” he said.
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