Fuel Pump Price Increment Eminent

Fuel Pump Price Increment Eminent

Energy Minister Mathew Nkhuwa has disclosed that fuel pump prices increment is eminent.

Mr Nkhuwa says this is due to the depreciation of the kwacha in the recent past.

The Kwacha is currently trading at k14.80 against the US dollar.

But the Energy Minister has told journalists in Lusaka today that the Energy Regulation Board-ERB- will analyse the effect of the depreciation of the kwacha and determine how much can be increased in fuel pump prices.

PHOENIX FM