The Energy Regulation Board (ERB) has announced an increase in the pump price of diesel, Kerosene and Jet A-1, while the pump price of petrol remains unchanged.
In a statement, ERB Board chairperson James Banda says low Sulphur diesel will now cost K31.11 per litre from K29.60, while Kerosene K29.50 per litre from K28.39 with Jet A-1 increasing to K32.76 per litre from K31.53.
Banda says while there was a general decline in the price oil on the international market during the period under review, the gains from the reduction in the prices of oil on the international market were negated by the depreciation of the kwacha against US dollar.
He says between April and May, the kwacha depreciated against the dollar at an average of 5.01 percent.