PETROL, KEROSENE PRICES GO UP, DIESEL REMAINS UNCHANGED

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PETROL, KEROSENE PRICES GO UP, DIESEL REMAINS UNCHANGED

By Shem Malinda

The Energy Regulation Board (ERB) has adjusted upwards the pump price of petrol and kerosene to K25. 89 and K20.45 per litre while maintaining the price of diesel at K27.38 per litre effective midnight of December, 1, 2022.

Speaking during the fuel price review for the month of November, Energy Regulation Board Chairperson Reynolds Bowa says the increase in petrol is by K1.58, and K1.22 for kerosene.

Mr Bowa says the upward adjustment of the prices on Petrol and Kerosene are due to the latest surge of the pandemic in China and the Ukraine-Russia tension which have contributed to the increased demand for the commodities on the international market.

He adds that the exchange rate has also recorded the depreciation of the Kwacha by 3.44 percent as such leading to changes on Petrol and Kerosene.

6 COMMENTS

  1. In the 1970s the Bus Fare between Ndola and Kitwe was K3, can we still nostalgically compare that Era with 2022, “Vinthu vima chinja”, prices never obey Albert Einstein’s “Law of Gravity”, they never come down. Even if Putin’s Russia na Zelensky’s Ukraine stop fighting and killing each other today, there will still be some “sneaky” Variables either locally, internationally or naturally which will “creep in” to justify prices “flying and soaring high”

  2. This is strange given that there are many international news reporting decrease in global demand for gas. So why is it going up in Zambia?

  3. Ati Covid in China and war in Ukraine! Do we import fuel from these countries? Even the exchange rate reason does not make sense because there is always a lag! Why is there so much incompetence??

  4. Which means all what UPND was preaching about when in opposition was a lie. Only one “Free education from primary to secondary school” ai? Fertilizer will be bought at K250 per bag. “Ubunga” 25kg bag will be bought at K50. Single digit per Dollar. Fuel price shall be bought at K8. Fertilizer distribution 8 per Muntu… Tuli kwisa lelo??

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