• Zambia currently has installed capacity of 3, 456 megawatts.• National demand stands at 2, 300 megawatts.• The country has about a thousand megawatts of excess capacity. Energy Regulation Board (ERB) has assured the nation that the export of power…
Continue Reading • Upward adjustment is due to the increase in oil prices on the international market.• Increase in oil prices on the international market was mainly as a result of the global oil demand and supply imbalance.• New petrol price is…
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• Energy Regulation Board will either maintain or slightly reduce prices of petroleum products by 1 to 2percent.• This is due to the reduction in crude oil prices on the international market.• The reduction of fuel will have a direct…
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• It is expected that the price movement will also be reflected in this month’s inflation rate.• June inflation rate is projected to either reduce or remain the same.• Tax waiver imposed on importation of fuel is helping to keep…
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• Continued monthly revision of fuel pump prices is not only uneconomical but unsustainable to economic development.• Uncertainty in the pricing model of fuel by ERB is a draw-back, it’s high time we went electronic Business, Policy and Financial Advisor…
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• Monthly fuel adjustments have brought a lot of uncertainty in the public transport sector.• Bus and Taxi Owners Association of Zambia in consultation with RTSA agreed to come up with a formula.• The formula would have a trigger point…
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• Currently, the price of crude oil on the international market has moderately gone up to US$113 a barrel.• This is compared to an average of US$103 a barrel.• Only the exchange rate can mitigate a possible slight pump price…
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• ERB will maintain fuel prices for June 2022 during the next monthly price review• Because the factors that determine fuel prices are stable.• No reason to hike fuel prices at the momentAn Economist has predicted that Energy Regulation Board…
Continue Reading • Low Sulphur Gasoil (LSGO) is the only diesel currently being sold on the Zambian market.• Despite the different colour codes for diesel pumps at some service stations, the type of diesel sold is all Low Sulphur Gasoil.• Process to…
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