Fuel Pumps up.

The Energy Regulation Board has adjusted upwards fuel pump price effective midnight.


According to a statement issued by Energy Regulation Board Chairperson, Raymond Mpundu petrol has been increased to seventeen Kwacha sixty two ngwee per liter from fifteen Kwacha ninety ngwee a liter.
Diesel has been increased to fifteen Kwacha fifty nine ngwee from fourteen Kwacha twenty three ngwee per liter.


Kerosene’s has been adjusted to fifteen Kwacha thirty nine ngwee from thirteen Kwacha two ngwee.
Mr Mpundu said the increase has been necessitated following the review of wholesale and pump prices of fuel for the most recent imported cargo of petroleum feedstocks and finished petroleum products
And the Board has also revised upwards electricity tariffs for domestic uses based on consumer category consumption.


Mr Mpundu says in  accordance with the electricity Act chapter 433 of the laws of Zambia the Energy Regulation Board has reviewed the application made by the power utility firm requests to increase electricity tariffs on domestic consumption.
He says the analysis of Zesco tariffs was premised on revenue required.

More From Author

ACCA

https://www.accaglobal.com/africa/en.html

Read More

Economist @ Money 02 May 2020

Join the host and guest as they look at various economic issues.

Read More

Women @ Money – “Strategic Planning”

Listen to the host Nkhonde Fumbeshi as she discusses “Strategic Planning” with Dr Freda Mwamba…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

EAZ underscores urgency of addressing pressing economic issues ahead of Summit

  There is need to navigate the economic headwinds with determination, resilience, and a shared…

Read More

Mfuwe International Airport to be temporarily closed for rehabilitation

Mfuwe International Airport infrastructure has recorded marked deterioration. During the rehabilitation period which is expected…

Read More

ZICA calls for recruitment of registered accountants in Councils

Recruitment of registered accountants in local authorities will lead to significant improvements in financial management…

Read More