Today ERB will announce the new fuel prices what’s my expectation?

By Boston Seba

They are likely to maintain the prices or slightly reduce not more than K0.50 ngwee.

During the last revision the international oil market price was ferrying at 115$ per barrel and kwacha dollar exchange rate was K17.4 against dollar.

Since the last revision there hasn’t been much change in both international oil market price and kwacha dollar exchange rate.

International oil market as of today opened at 113$ per barrel and kwacha, dollar exchange rate opened at K17.25. These been the main determine factor used to adjust fuel price I don’t expect much changes in today’s adjustments.

About the author: Energy expert, fuel consultant and managing Director for Mutivals petroleum company.

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