Zambian News

No Fuel Price Review Discussion despite 20% Kwacha Depreciation-ERB

The Energy Regulation Board (ERB) has clarified that currently there is no fuel price review discussions contrary to assertions of a possible fuel price hike following the 20 percent depreciation of the kwacha.

ERB Manager Public Relations Kwali Mfuni has explained that the importation of petroleum feedstock and finished petroleum products is currently in progress.

“The Energy Regulation Board Wishes to inform its stakeholders and the general public that there is no fuel review under discussion at the moment contrary to rumors of a purported planned fuel price increment of about 20 % attributed to depreciation of the kwacha in the past few weeks,” said Ms. Mfune.

She explained that fuel prices reviews in the country are only done upon importation of petroleum feedstock and finished petroleum… LEARN MORE

Source: ZambiaNews365