ERB clarifies on Low Sulphur diesel
• Low Sulphur Gasoil (LSGO) is the only diesel currently being sold on the Zambian market.• Despite the different colour codes for diesel pumps at
Tag : Energy Regulation Board (ERB)
Bus Fares for Intercity routes reduced by K10
• Bus fares for all inter-city routes have been reduced by K10.00 with effect from 12th May 2022.• Fares for other routes including inter-mine, peri-urban
Intermittent Kerosene supply hits some filling stations
• The erratic Kerosene supply is attributed to the placing of Indeni Oil Refinery under care and maintenance.• All kerosene products are being imported by
RTSA to announce proposed changes in bus fares this week
• RTSA and bus operators today held a consultative meeting.• This is to consider a proposed reduction in bus fares following the drop in fuel
Economist projects drop in May fuel prices
• The matrix that Zambia uses to determine the price of fuel include price of international crude oil as well as exchange rate.• The price
Energy Expert predicts increment in fuel prices
• Fuel pump prices are likely to be adjusted upwards.• This is in keeping with government policy of no subsidies and 30 days price review
ERB, CCPC caution OMCs against fuel hoarding
• Oil Marketing Companies as well as retailers of petroleum products must stop hoarding fuel.• ERB Board and CCPC observes that there was an inclination
Revert to Quarterly review of fuel pricing
• Cost plus model works more effective on Spot pricing but not on a national perspective.• It was good to try the cost plus model
ERB maintains stance on monthly fuel price review
• Monthly fuel pricing minimizes Government’s exposure to exchange rate losses.• All fuel products are now being imported as finished products on a continuous basis.•
ERB adjusts fuel prices upwards
• 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