The Energy Regulation Board (ERB) has increased upwards the pump prices of petroleum products for the month of August 2023.
ERB Board Chairperson Reynolds Bowa says petrol has increased from K24.93 ngwee to K25.57 ngwee, diesel has gone up by 1.49 ngwee per litre from K21.87 ngwee to K23.36 ngwee per litre and pump price for Kerosene per litre has jumped from K18.53 ngwee to K20.44 ngwee.
Bowa says the depreciation of the kwacha against the dollar from K17.73 ngwee to K18.51 ngwee contributed to hike in prices of fuel.