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Fuel Prices Reduced
The Energy Regulation Board (ERB) has effected a minimal reduction in fuel pump prices with effect from midnight 28th November.
Crude oil prices on the international market have been on the decline since the second quarter of 2014.
According to the announced reduction in pump prices, a litre of petrol will now cost K10.38 from K10.63 representing a reduction of 25 ngwee, a litre of diesel will now cost K9.73 from K10.01 representing a reduction of 28 ngwee, while a litre of kerosene will now cost K7.21 from K7.48 representing a reduction 27 ngwee.Fuel pump
The statement further states that wholesale prices of petroleum products have been reduced by 3.66%.
The EBR attributes the reduction in fuel prices to the obtaining trend on the international market were crude oil prices have been on a decline since the second quarter of 2014.
It however says the exchange rate of the Kwacha against the US Dollar depreciated since the last price adjustment in April 2014 by 6.8% from K5.9 per US Dollar to K6.3 per US Dollar by mid-November 2014.
The ERB further states that the Kwacha depreciation alone would have triggered an upward adjustment in pump prices.
It however says this has been partially moderated by the fall in international oil prices during the same period.
Posted by Kunda
on November 26, 2014. Filed under BUSINESS, LATEST NEWS.
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Fst
November 26, 2014 at 12:28 pm
In Saudi Fuel is 8cents per liter!
Levy
November 26, 2014 at 12:58 pm
Kabili eko batapa fuel!!
stiga
November 26, 2014 at 1:04 pm
Ba fst sometime lets be realistick.Wevr in zambia not saudi,saudi arabia is rich oil we r not so how do u compare the two?the reduction is too minimal.
power is for youths
November 26, 2014 at 12:28 pm
Campaign strategies have began.this is what I called takin us for fools.now that they need our vote it has become cheap ka.nonsense.wer is my elias chipimo kanshi.I need smwan young and wise and smart like him to talk right now.I’m sick and tired of these recycled materials and failures defecting from one party to another.from mmd to hh.old people not wanting to retire instead comin back frm usa to be presidents.are they lookin for death in power again so they can cost us mre money havin more elections.we need young blood,people who can handle pressure
Trotsky
November 26, 2014 at 12:28 pm
this is good. it was expected because prices of petroleum have been falling at an alarming rate. good responce indeed by the ERB.
The Truth
November 26, 2014 at 2:14 pm
Good response indeed, but coming late. Hoping its not in any way linked to the upcoming presidential elections.
mbomba ku ma Chinese
November 26, 2014 at 7:12 pm
And bros, can vote for someone because of 28 ngwee?
Trotsky
November 26, 2014 at 12:32 pm
i have calculated the reduction it is only 2%, this is minimal anyway it is better nothing.
Ndaje Kahks
November 26, 2014 at 1:01 pm
Singapore HAVE INCREASED FUEL PRICES BY 30% AS REPORTED BY CNN. YOU CAN CHECK THIS ONE OUT
ECC
November 27, 2014 at 10:32 am
This is worse than nothing. Crude oil has reduced by a very big margin. Why reduce at 2%. When crude oil goes up by 10% they increase prices in excess of 15%. It reduces by more than 20% they reduce at 2%. It is an insult to our intelligence!
Kalusha
November 26, 2014 at 1:06 pm
Makes no difference. Fuel is still expensive. Petrol at 10.38? Time has run out ba PF.
Denkete
November 26, 2014 at 1:10 pm
kuwayawayafye!!!!! What impact is this going to have on transport costs? If transporters cant reduce the fares then this is total bullshit.
CHILANKALIPA
November 26, 2014 at 1:13 pm
Bupuba bweka bweka and ifima Jokes fye
kabaso
November 26, 2014 at 1:26 pm
fuel is still very expensive in Zambia. Pa Botswana is just quarter the price you are mentioning here per litre.
kabaso
November 26, 2014 at 1:29 pm
and Botswana is landlocked too.
Ndaje Kahks
November 26, 2014 at 2:05 pm
From time immemorial Zambia has always been expensive. This includes labour which makes it every expensive destination for investment. The new Mine owners were surprised that miners had a non contributory pension of 3months per each served. Where they come from you pay towards your pension.
Dee Mwansa
November 26, 2014 at 2:03 pm
What reduction? Bullshit tapali efyo mupangile we won’t even feel the difference! Maybe a K2.00 would have made sense. Campaign strategy won’t work!
obbies
November 26, 2014 at 2:06 pm
Why not K8. 50 because this reduction of fuel they want to be voted. How can you reduce 25 ngwe from 10kwacha is there any point of reduce fuel let as be carefully to our country.
Street Kid
November 26, 2014 at 2:08 pm
NO difference …..PF has completely failed
MJ banda
November 26, 2014 at 2:08 pm
If I can ask, how much petrol per litre in Zambia?
Chocolate man
November 26, 2014 at 2:32 pm
because we will be voting? u have drunk kachasu bafikala ayi? blalishit
Ndaje Kahks
November 26, 2014 at 2:41 pm
From time immemorial Zambia has always been expensive. This includes labour which makes it every expensive destination for investment. The new Mine owners were surprised that miners had a non contributory pension of 3months per each served. Where they come from you pay towards your pension.
Trixy
November 26, 2014 at 3:00 pm
Inshita ya kuvota ngayafika, faisatuzambeleke…ngabailinganya kwati tebo basakala nyongo….ngavailinganya kwati tebo ba pompwe (something like that…).
Gabriel
November 26, 2014 at 3:26 pm
is this a joke? am not laughing…….
Chitechi
November 26, 2014 at 4:15 pm
This is a mockery. The difference can’t even fetch a sweet for my child
oxgen jones
November 26, 2014 at 4:20 pm
Its very low,for my vote!
oxgen jones
November 26, 2014 at 4:21 pm
Its very low,for my vote!Am a business man
thunder
November 26, 2014 at 5:41 pm
I wish they use too increase the same way.we have fuel when are we starting to mine our owen
blackbull
November 26, 2014 at 5:57 pm
prize of fuel reduced and they are going to recoginise chiti mukulu pf ni nonsense chabwe you mean up to now people can be bought by such kind of lies impossible viva hh viva upnd cone january 2015
ckimuka
November 26, 2014 at 6:42 pm
We were better off under RB when the US dollar was K4.5. PF and their new currency notes, policies, and economic uncertainty has ruined us. How does fuel jump from K6 to K10 in three years?
Trixy
November 27, 2014 at 11:23 am
Just imagine….awe sure RB was better…..that is why I will never vote using emotions this time around…..
zebobby
November 26, 2014 at 6:58 pm
Ka reduction kaka ena! hehe!
ELIJAH KAACENJE
November 26, 2014 at 7:29 pm
justifications and jusfications while they tramp on us. ERB should be told that this nonsense!
manx
November 26, 2014 at 8:09 pm
so wen u buy 20litres u only save a K5. fyabupuba.
UNIPIST PA DIASPORA
November 26, 2014 at 9:10 pm
Imwe Bantu kansi ni mwamene yakwelela fuwelo uko kwathu. When I left, fuwelo was pa K6,000 (K6 rebased) ya ya ya ya. We need a vehicle like the one which was offered to Chiluba when he won Presidential Elections by a Kitwe Resident, unfortunately he declined. Ndeke ya pa Zed…..ke ke ke
DIPSTICK
November 26, 2014 at 11:22 pm
MY CANDIDATE IS READY AND WAITING FOR AN OPPONENT.
THIS LITTLE REDUCTION IN FUEL PUMP PRICE IS LIKE MOCKERY. THEY SHOULD JUST HAVE LEFT IT AS IT WERE.
ingya
November 27, 2014 at 5:49 am
That is why the only party we know is PF, HH you will never rule Zambia,, unless you want a civil war
Truth
November 27, 2014 at 9:44 am
Fooling who? They shd have increased by the same amount instead.
Continental
November 27, 2014 at 10:45 am
Reduction iya pama tako atase !!
jj kalonda
November 27, 2014 at 11:01 am
Mwebantu, is it us who are a joke or its this government that is full of jokers?It bothers me to see wretched people on tv saying ‘ni lungu chabe’. The ones having half a meal per day still want PF to continue.Bushe ninsala ilenga ukukana kwata amano?
Trixy
November 27, 2014 at 11:32 am
@JJ Kalonda…Problem Zambia is full of illiterates and semi-literates. But the bigger problem is that even “intellectuals do sell their tribal souls for a packet of jiggies” like you said on the other site!!! (Will never forget this statement). We are in serious trouble I am telling you. Lungu is a clear drunkard and a thief. LAZ had actually deregistered him for stealing clients’ money, but people are ready to ignore all that because of tribal grounds or other things only known to themselves. Then when he goes through and they starting stealing national coffers, again the same people will start complaining. Why go in the mouth of a lion when you can see it?
Chilufya
November 27, 2014 at 11:18 am
Tapali na reduction. 25 ngwe efinshi???
Zehuwangendabah
November 27, 2014 at 7:06 pm
25 ngwee can’t even buy a sweet or one needle (nyeleti). Then ERB goes boasting, at fuel price has reduced. We can’t see any reduction.