Wednesday, April 27, 2011

Fuel reserves not coming soon

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Building national fuel reserves remains a far-fetched dream after it emerged that this might not be in government’s immediate priorities. Instead, government is moving to jump into bed with private individuals to build and own proposed national reserves according to officials in the Ministry of Energy.

Private players in fuel business in a free market economy have been reputed for taking advantage of crisis moments to hike pump prices. This decision may offer them a new avenue to control

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