Zambia raises fuel prices by up to 13 pct from Wednesday
Zambia will raise fuel prices by up to 13 percent, the energy regulator said on Tuesday, announcing the second big price increase this year in Africa’s biggest copper producer.
The Energy Regulation Board (ERB) said the prices of petrol and diesel had to rise again, following January’s 15 percent increase, due to higher global oil prices.
“As such the government cannot continue to absorb the high costs associated with keeping pump prices artificially low,” the ERB said in a statement.
It said the petrol price would rise by 13.2 percent and the diesel price by 9.5 percent from Wednesday.
Petrol and diesel would now cost more than $1.50 a litre in remote areas, where prices are generally higher than in urban areas.