The Energy Regulation Board has reduced fuel pump prices by K 1.20 for petrol, 0.68 for diesel, low sulphur diesel 0.68 and K 1.22 for Kerosene with effect from Tuesday, 3rd January, 2017 midnight.
A few months ago ERB increased the pump price by K3.
A reduction with K1 will have no impact and some Lusaka residents have appealed for more reduction that could see a drop in the prices of essential commodities such as meal ie meal which is now selling K120 for a 25Kg.
The ERB announced the reduction today and below is a press release;
BELOW IS A STATEMENT FROM ERB