9.5 C
Alba Iulia
Tuesday, July 7, 2020

Fuel Price has not been hiked-ERB

Columns Fuel Price has not been hiked-ERB

Energy Regulations Board (ERB) offices
Energy Regulations
Board (ERB) offices

THE Energy Regulation Board (ERB) has dispelled rumours that the pump price of all petroleum products has been increased.

ERB has assured members of the public that the price of fuel was intact with the retail price for petrol being at K9.87 per litre, diesel K8.59 litre and kerosene K6.12 per litre.

This is according to the prices fixed by ERB as of July 13, this year.

Any adjustment to the pump price of fuel is determined by the cost of crude oil on the international market.

International oil prices yesterday closed trade at an average US$48.82 per barrel, 70 Cents lower than what was obtaining at the end of business on Tuesday.

In a statement issued in Lusaka yesterday, ERB Public Relations Manager Kwali Mfuni noted with concern rumours that the retail price of petrol, diesel and kerosene had increased.

“ERB would like to assure the public that there has been no increment in fuel price and due processes are always followed during a price review with any change subsequently announced,” she said.

Ms Mfuni said in an event of a price change, ERB would promptly announce the adjustments to the nation through the media and oil marketing companies, dealers and transporters would also be formally informed.

“Members of the public and stakeholders take this as official notification,” Ms Mfuni stated.

Speculators and those who want to sow anarchy have been spreading rumours that fuel prices have been increased to K15 per litre following the fall in the value of the Zambian Kwacha relative to other foreign currencies.

[Read 71 times, 1 reads today]

3 COMMENTS

Comments are closed.

- Advertisement -
Loading...

Latest News

The Agriculture Sector Needs to be Revolutionalised-Margaret Mwanakatwe

Lusaka Central Member of Parliament Margaret Mwanakatwe says the agriculture sector needs to be revolutionalised in a bid to...

Youths conducting illegal Mining in Luanshya demand to be addressed by their MP

Roan Member of parliament Honourable Joseph Chishala yesterday afternoon was ambushed by Youths in his constituency doing some illegal mining at CNMC Luanshya Copper...

Monze Engineered UPND Anarchy Calculated to Incite Ethnic Chaos by Provoking Presidential Convoy

By Bizwell Mutale The reckless talk and provocative behaviour by Hon Jack Mwiimbu resulting in UPND cadres attempting to stone and embarrass the Head of...

Garry Nkombo warns Foreign Affairs Minister and Lusaka Province Minister, Stop destabilizing UPND

United Party for National Development (UPND) Elections Chairperson, Garry Nkombo, has warned Foreign Affairs Minister, Joseph Malanji and Lusaka Province Minister, Bowman Lusambo to...

Leadership cults in Africa and Zambia in particular

Former Zairean President Marshal Mobutu Sese Seko Kuku Ngbendu Wa Za Banga once told a Western journalist that they should never expect their kind...

More Articles In This Category

- Advertisement -
[Read 25 times, 1 reads today]