The Energy Regulation Board has reduced prices of petroleum fuel products for both retail and wholesale with Petrol price going down just by 6.4%.
ERB Board Chairperson Raymond Mpundu announced the development on Monday, August 7, 2017.
Mpundu announced that retail fuel pump prices for petrol has been reduced from K12.50 to K11.67, Diesel from K10.72 to K9.87, and Kerosene from K681 to K6.50.
Mpundu further announced that wholesale prices will be as follows; Petrol from 7,254.65 to K6,542.49 per cubic metre, Diesel from K7, 079.05 to K6, 356.56, and Kerosene from K5, 455.60 to K5,150.73.
He said the reduction was effective midnight of August 7, 2017.
The ERB Board Chairperson explained that the reduction in fuel prices was due to a reduction of oil prices on the international market and the sustained performance of the Zambian Kwacha against the United States Dollar.
Since whn hv zambians nt paid 4 goods and srvcs thru the noise? If u ‘r among the few chosen minions rcvng kickbacks & free srvces (corruption), 78% zambians ‘r living under abject poverty now bwana 4 ur info & u ‘r behind this wide spread sufferings
The reduction is reasonable,zambians must realise that they should pay for the services.