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{
    "id": 181682,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/181682/?format=api",
    "text_counter": 302,
    "type": "speech",
    "speaker_name": "Mr. Mwatela",
    "speaker_title": "The Assistant Minister for Education",
    "speaker": {
        "id": 103,
        "legal_name": "Andrew Calist Mwatela",
        "slug": "andrew-mwatela"
    },
    "content": " Mr. Deputy Speaker, Sir, first, I would like to thank hon. Baiya for bringing this Motion. There is a correlation between the cost price of any item and its selling price. When crude oil costs US$64 per barrel, the pump prices should be low. The current situation is that the price of crude oil has come down from US$100 per barrel to US$64 per barrel. This is not marched by the pump prices that were there at the time when prices went up. It is, therefore, my suggestion that the Ministry of Energy, instead of avoiding the obvious, as has been suggested by hon. Abdalla, to come to this House with a legal machinery which will ensure that these prices are pegged on the price of crude oil internationally. This is possible and it needs to be done. Mr. Deputy Speaker, Sir, I would like to ask the Minister to study the pattern from the time the oil prices were going up and relate the crude oil prices with the pump prices as they went up and go back to the same records and bring down the prices to match the crude oil prices internationally. That would solve our problem and nobody would complain. There is a habit with the oil companies that when the crude oil prices go up, they raise the pump prices, but when the crude oil prices go down, they do not lower the pump prices. They raised the prices of even the stock which they had bought at a lower price. So, they make unusual and unfair profits. With those few remarks, I beg to support this Motion."
}