• Petrol has increased by K2.12 Ngwee per litre.
• Diesel has increased by K2.61 Ngwee per litre.
• Fuel price reviews will continue to be conducted on a monthly basis.

Energy Regulation Board (ERB) has increased pump prices of petroleum products by K2.12 Ngwee per litre for petrol and K2.61 Ngwee per liter for diesel, while the price of Kerosene has remained unchanged.
In a statement, Board Chairperson Reynolds Bowa said the upward adjustment in prices is meant to ensure the sustained supply of fuel to the local market in the short to medium term.
Mr. Bowa explained that the steady rise in international prices of petrol and diesel throughout the month of January into February 2022, has had a major impact on local fuel prices with the price of both imported products rising above the US$100 barrel mark.
“As has been reported, the supply disruptions being experienced on account of the ongoing geopolitical tension between Russia and Ukraine have had an immediate adverse impact on oil prices. Further, compounding this was the continued depreciation of the Kwacha against the United States Dollar, between the last price adjustments in January 2022 to mid-February 2022,” Mr. Bowa explained.

He added that fuel price reviews will continue to be conducted on a monthly basis to ensure that local prices are reflective of what is prevailing on the international market as well as the performance of the Kwacha against the US dollar.
Petrol which was selling at K19.84 ngwee is now K21.96 ngwee, Low Sulphur Diesel which was previously selling at K18.93 is now being sold at K21.54 ngwee, while Kerosene has remained unchanged at K15.39 ngwee.