• Monthly fuel adjustment as of the second half of the year started having an inflationary pressure in the final Quarter.• For most parts of the year, the cost of diesel was relatively higher than that of petrol.• Between the…
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• International prices have generally gone down.• Government has scrapped of excise and customs duty on both petrol and diesel effective first January.• That will push fuel prices significantly down in the range of between K1 to K4 for both…
Continue Reading • Two variables that are key in determining the pump price of fuel are the exchange range and oil prices on the international market.• International oil market prices dropped by a minimal margin compared to previous months.• The Kwacha has…
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• Changes in the cost of petroleum products are as a result of uncertainties of crude oil prices on the international market.• International Oil price outlook was greatly influenced by the China Covid 19 situation.• Price of Jet A1 fuel…
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• Zambia’s fuel pricing is based on month minus one.• November 2022 pricing is slightly higher than October pricing by about US$15.• The Kwacha has also moved from an average of K15.80 ngwee to over K17. An Oil Marketing Company…
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• This monthly review of prices of petroleum products is counterproductive.• The economy is already in troubled waters.• Government must realize that fuel is a major component in terms of accelerating economic development. An Energy Expert says the continued increase…
Continue Reading • This is one of the intervention measures to mitigating the high petroleum prices.• Government is implementing different interventions to mitigate the high cost of fuel on the domestic market.• Tanzania has offered to give Zambia gas in the next…
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• The surcharge applies to customers drawing 100kVA and operating at a power factor lower than the 0.92 lagging required by law.• The authority to implement the low power factor surcharge was granted by Energy Regulation Board in 2016.• Unlike…
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• There have been a lot of disruptions in the global energy sector.• Some countries have been having fuel stock outs but Zambia has had consistent and stable supply in one year.• Government has been able to guarantee sustained security…
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• Intercity long distance routes have been reduced by 2 percent.• Copperbelt local and other towns remain unchanged.• The fares were arrived at in consultation with stakeholders. Road Transport and Safety Agency (RTSA) has reduced bus fares for September 2022,…
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