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
Tag : Energy Regulation Board (ERB)
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
ERB assures consumers of quality energy products
• Consumers have an obligation to provide relevant documentation in support of their complaints.• A consumer alleges that ERB did not execute its mandate in
ERB urges citizens to disregard reported revised power connection fees
• ERB has not received any application from ZESCO to revise its connection fees.• Zesco is bound to strict adherence of the conditions governing its