• There shall be no adjustment of bus and taxi fares.• The current fuel price increments are below the trigger-point in the fare adjustment process.• The Association is advocating for a longer fuel price review horizon of three to six…
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• Crude oil prices on the international market have been increasing.• They are at 98 US dollars per barrel and by next week they could be more than 100 US dollars per barrel.• This is because of the geopolitical tension…
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• Petrol has reduced by K1.32 per liter, Diesel by K1.22 per liter.• Kerosene remains unchanged.• There will now only be one type of diesel sold on the Zambian market Energy Regulation Board (ERB) has reduced pump price of petroleum…
Continue Reading • The disruptions in supply of diesel are of great concern. • They have an adverse effect on normal business operations. • Some OMCs have been directed to engage TAZAMA to enhance their uplifts in order to meet the shortfall.…
Continue Reading • The current supply disruption in supply was due to the industrial action undertaken by some tanker drivers. • Deliveries could not be made as scheduled. • There is no impending fuel price adjustment contrary to speculations. The Energy Regulation…
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• In a short space of time, the national fuel stock level has significantly improved. • Leading Oil Marketing Companies have demonstrated industry statesmanship. • ERB should remain resolute and continue to protect the integrity of the supply chain. An…
Continue Reading An Economist says the move by government to reduce Value Added Tax (VAT) on fuel is a poor strategy as it only affects fuel prices in the short term. In an Interview with Money FM, Trevor Hambayi said fuel prices…
Continue Reading The Energy Regulation Board (ERB) says the country will not experience fuel shortages due to dwindling fuel stocks. Addressing journalist in Lusaka Board Director General Langiwe Lungu clarified that while the fuel stocks have dwindled below the 15 days stock…
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ZESCO says investigations into complaints of alleged unusual depletion of electricity units on prepaid meters have been completed. Zesco Spokesperson Henry Kapata told Money FM News in an interview that following complaints from consumers about the unusual high consumption of…
Continue Reading National Action for Quality Education in Zambia (NAQEZ) has appealed to President Edgar Lungu, over the urgent need for a special electricity tariff for Schools in Zambia. Organization Executive Director Aaron Chansa said with the Covid 19 effects, bankrupt Schools…
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