The Energy Regulation Board (ERB) has adjusted upwards the fuel pump price.
The new price of fuel is now K35.56 per liter from K31.12 per litre.
While diesel goes from K28.78 per litre to K29.60 per litre.
The increase is with effect from midnight.
ERB Board Chairperson Reynolds Bowa said the overall increase in oil prices is largely driven by supply uncertainty following the continued geopolitical tensions in the Middle East.
He noted that during the period under review, the prices of oil on the international market increased.
“In the same period, there was a noted increase in the price of petrol while diesel and kerosene experienced marginal increases. The overall increase in oil prices was largely driven by supply uncertainty following the continued geopolitical tensions in the Middle East.
Further, there was noted increased seasonal demand from major oil consuming countries such as the United States of America (USA), ahead of the summer driving season,” he said.
Bowa said since the last fuel price review last month, the price of petrol, diesel and kerosene increased by 6.59 percent, 1.02 percent and 0.28 percent respectively.
“The prices for petrol, diesel, kerosene and jet A-I have been adjusted to K35.56 per litre for petrol, K29.60 per litre for diesel, K28.39 litre for kerosene and K31.53 per litre for Jet A-1 respectively. This is from K31.12 for petrol,K28.78 for diesel, K20.44 for kerosene and K28. 23 for Jet A-1,” he said.
Oh my goodness me, stop the war between Russia and Ukraine. We cannot continue like this.