Diesel Price Drops, Petrol Unchanged: ERB Announces


The Zambia National Broadcasting Corporation reports that the Energy Regulations Board (ERB) has reduced the pump price of diesel by 1 Kwacha 64 ngwee per litre. ERB Board Chairperson Reynolds Bowa announced that the Board has also reduced the pump price of kerosene by 1 Kwacha 82 ngwee. The pump price for petrol, however, remains unchanged.

The retail airfield price of Jet A-1 fuel at the Kenneth Kaunda International Airport has also been adjusted downwards. According to Bowa, diesel will now be sold at 24 Kwacha 64 ngwee per litre, down from 26 Kwacha 28 ngwee, representing a 6.24% reduction. Bowa attributed the reduction to the appreciation of the Kwacha in April, as well as increased supply of oil due to more petroleum refineries starting to come back online after routine maintenance shutdowns. Bowa made the announcement during a monthly fuel review press conference in Lusaka.